Foreign Exchange Management Act, 1999
Course Highlights:
Comprehensive Coverage: Gain in-depth knowledge of Trade Finance under the Foreign Exchange Management Act (FEMA) 1999, which is crucial for businesses involved in international trade.
Practical Insights: Learn how FEMA impacts trade finance activities, including regulations on export and import transactions, external commercial borrowings (ECBs), and foreign currency accounts.
Regulatory Framework: Understand the key provisions of FEMA and how they govern various aspects of trade finance, ensuring compliance with Indian foreign exchange laws.
Benefits of the Programme:
- Enhanced Understanding: Develop a thorough understanding of trade finance regulations under FEMA 1999, essential for managing international trade effectively.
- Compliance Mastery: Equip yourself with the knowledge to navigate the complexities of FEMA regulations, ensuring your business stays compliant with Indian law.
- Risk Mitigation: Learn how to use trade finance instruments like letters of credit and bank guarantees to mitigate risks in cross-border transactions.
- Boosted Competitiveness: Apply the knowledge gained to enhance your business's ability to compete globally by optimizing trade finance strategies.
Self-Learning Program - Best Suited For:
- Business Professionals
- Entrepreneurs
- Financial Analysts
- Legal Advisors
- Students and Researchers
Course deliverables:
- Registration to SIFL Learning Platform
- Study Material soft copy & Audio Book
- Audio Presentation for explanation of the FEMA 1999
- SIFL Mock/Assessment test
- Case studies
- One SIFL Final Mock tests
- Certificate for Learners Succeed at the SIFL Institute Final Test
Introduction to FEMA:
Overview of the Foreign Exchange Management Act, 1999, including its objectives and significance in regulating foreign exchange transactions.
Trade Finance Fundamentals:
Detailed explanation of trade finance, including its importance, instruments, and how it facilitates international trade.
FEMA Regulations on Trade Finance:
Examination of key FEMA regulations that govern trade finance activities, such as export and import transactions, ECBs, and foreign currency accounts.
Key Provisions of FEMA:
Insights into the crucial provisions of FEMA relevant to trade finance, including documentation requirements, currency conversion, and compliance with trade laws.
External Commercial Borrowings (ECBs):
Overview of FEMA provisions related to ECBs, including eligibility criteria, borrowing limits, and reporting requirements.
Foreign Currency Accounts:
Guidelines on the opening and maintenance of foreign currency accounts for exporters and importers under FEMA.
Trade Finance Instruments:
Discussion on common trade finance instruments like letters of credit, bank guarantees, and documentary collections.