TABLE OF CONTENTS RESEARCH DESIGN ; Aims and Objectives of the Research ; Research Problem ; Research questions ; Research Hypothesis ; Research Methodology ; Scope and Limitation; Sources of Data ; Mode of Citation ; Chapter I ; HISTORICAL BACKGROUND WITH INTRODUCTION OF FEMA ; 1.1 INTRODUCTION OF FEMA ; 1.2 DIFFERENCE BETWEEN FERA AND FEMA ; Chapter 11; 2. ANALYSIS OF FOREIGN EXCHANGE MANAGEMENT ACT ; 2.1 OVERVIEW OF FEMA ; 2.2 APPLICABILITY ; 2.3 OVERALL SCHEME ; 2.4 STRUCTURE ; 2.5 AUTHORITIES AND ENFORCEMENT MACHINERY UNDER FEMA ; 2.5.1 Authorities governing the enforcement of FEMA: ; 2.5.2 Machinery responsible for various aspects of FEMA is: 2.5.3 Besides RBI, following other regulators are involved in FEMA ; Chapter III; 3. AUTHORITIES UNDER FOREIGN EXCHANGE MANAGEMENT ACT ; 3.1 ENFORCEMENT DIRECTORATE ; 3.1.1 Organization Set-Up ; 3.1.2 Headquarters -The Directorate of Enforcement ; 3.1.3 Functions ; 3.2 APPELLATE TRIBUNAL FOR FOREIGN EXCHANGE ; 3.3 RESERVE BANK OF INDIA ; 3.4 UNDERSTANDING SOME KEY TERMS ; 3.4.1 Persons ; 3.4.2 Person res ident in India ; 3.4.3 Non-Resident Indian ; 3.4.4 Person of Indian origin ; 3.4.5 Definitions of "Persons of Indian origin" in the Regulations ; 3.4.6 Overseas Corporate Body ; Chapter IV: . REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE UNDER FOREIGN EXCHANGE NAGEMENT ACTTHROUGH FOREIGN DIRECT INVESTMENT POLICY; 4.1 REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE; 4.1.1 Currency ; 4.1.2 Regulation and Management of Foreign Exchange ; 4.1.3 Important provisions in this regard are: 4.2 TRANSACTIONS COVERED UNDER FEMA; 4.2.1 Capital account transaction ; 4.2.2 Current account transaction ; 4.2.3 Release of foreign exchange for medical treatment ; 4.2.4 Release of foreign exchange for Cultural Tours ; 4.2.5 Remittances for tour arrangements ; 4.2.6 Payment in Rupees ; 4.2.7 Advance Remittance for Import of services ; 4.2.8 Release of foreign exchange on the basis of self-declaration ; 4.2.9 Acquisition of foreign securities under Employees Stock Option Plan (ESOP) ; 4.2.10 International Debit Cards ; 4.2.11 International Credit Cards ; 4.3 GENERAL CONDITIONS ON FOREIGN DIRECT INNVESTMENT ; 4.3.1 Who Can Invest in India? ; 4.3.2 Qualified Foreign Investors (QFls) investment in equity shares ; 4.3.3 Entities into which FDI can be made ; 4.3.4 FDI in Venture Capital Fund (VCF) ; 4.3.5 Types of Instruments ; 4.3.6 Issue of shares by Indian Companies under FCCB/ADR/GDR ; 4.3.7 Issue/Transfer of Shares ; 4.3.7.1 Issue price of shares ; 4.3.7.2 Foreign Currency Account; 4.3.7.3 Transfer of shares and convertible debentures ; 4.3.8 Prior permission of RBI in certain cases for transfer of capital instruments ; 4.3.9 Conversion of ECB/Lump sum Fee/Royalty etc. into Equity ; 4.3.10 Specific Conditions in Certain Cases ; 4.3.10.1 Issue of Rights/Bonus Shares ; 4.3.10.2 Prior permission of RBI for Rights issue to erstwhile OCBs ; 4.3.10.3 Additional allocation of rights share by residents to non-residents ; 4.3.10.4 Acquisition of shares under Scheme of Merger/Demerger/Amalgamation ; 4.3.10.5 Issue of Non convertible/ redeemable bonus preference shares or debentures-; 4.3.10.6 Issue of shares under Employees Stock Option Scheme (ESOPs) ; 4.3.10.7 Share Swap: 4.3.10.8 Pledge of Shares: 4.3.11 Entry Routes for Investment; 4.3.11.1 Guidelines for establishment of Indian companies/ transfer of ownership or control of Indian companies, from resident Indian citizens to non-resident entities, in sectors with caps: 4.3.12 Caps on Investments ; 4.3.13 Entry Conditions on Investment; 4.3.14 Other Conditions on Investment Besides Entry Conditions ; 4.3.15 Foreign Investment into/downstream Investment by Indian Companies ; 4.3.15.1 For the purpose of this sub-chapter; 4.3.15.2 Downstream investment by an Indian company which is not owned and/or controlled by resident entity lies: 4.4 ADEQUACY OF FOREIGN EXCHANGE RESERVES ; 4.4.1 Recent measures ; 4.4.2 Sterilisation strategy ; Chapter V; 5. CONCLUSION ; BIBLIOGRAPHY ; PRIMARY SOURCES ; Statutes ; Case laws ; Reports; Notifications ; SECONDARY SOURCES ; Textbooks; Articles ; Magazine ; Websites; Annexure 1;