FEMA 1999 & Foreign Exchange Regulations In India

(Udemy Course Rating- 4.5)

FEMA 1999, Foreign Exchange Rules in India, Residents, Non Residents, FX Bank Accounts, Current Account, Capital Account

What do you learn?

This is a revolutionary and most effective specialized course is meant for persons who have anything to do with Foreign Exchange in India. Since, India’s journey from FERA to FEMA coincides with the economic growth story of this most exciting emerging large free market in the world. And with largest young population. Therefore, it makes great sense to learn the subjects covered in this course.


Basics of FEMA – a masterclass by Dr. Vijesh Jain is a specialized course. And it is intended to train the students to the working knowledge and understanding of FEMA. At the same time, this course also throws light on the current Foreign Exchange regulations in India. Therefore, the course will make you understand the theme and approach of the provisions of FEMA. And how and why it is what it is.

Incidentally, FEMA is the only dossier of the foreign exchange regulations in India which governs all transactions that take place in the country whether official or unofficial. Therefore, this course will traverse through the historical perspective of the subject. And take you through the journey and story of the various provisions which are created to encourage and facilitate foreign trade. And foreign dealings between the residents and non residents of this country with the world around us. Using certain case studies and examples the course teaches the concepts more interestingly.

Topics Covered:

Foreign Exchange regulations in India, post independence

FERA to FEMA 1999

Resurgence of India

Basic concepts of FEMA 1999

  • Objectives of FEMA

  • Eco system of FEMA 1999

  • Structure of various sections in FEMA

Balance of Payment

  • All Current Account Transactions

  • Capital Account Transactions

Residential status

  • Who is Resident?

  • FEMA vs Income Tax Act of India

Classification of Transactions in FEMA 1999

  • Several Current Account Transactions under FEMA

  • Capital Account Transactions under FEMA 1999

  • Liberalized Remittance Scheme

FX Denominated Bank accounts for residents and non residents

  • Type of Bank Accounts for Non Residents

  • Different Types of Bank Accounts for Residents

Contravention of FEMA

Case Study

Highlights of FEMA 1999

What you get with the course?

  • Life time access to the course

  • Lifetime course updates

  • Verified 2-certificate of completion

  • Quizzes and Assignments

  • Udemy Money Back Guarantee

  • Course captions in different foreign languages

About the instructor

The instructor of this course Dr. Vijesh Jain is a seasoned professional on FX operation and international business management. And, he has more than 30 years of industry and research experience in this field. Also, he is an alumnus of IIFT, BITS, BIMTECH, Harvard University and other reputed institutes. Additionally, he has written several books and research papers on the subject.


The approach and provision enshrined in FEMA 1999


How it manages FX transactions of different types in India


Confidence about FX operations


Policies of Indian government regarding FX and Its Management


All provisions of FEMA 1999

Course Intro Video

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