This authoritative volume compiles the complete and updated text of the Foreign Exchange Management Act, 1999, India’s foundational legislation governing foreign exchange transactions, cross-border investments and external payments. Alongside the principal Act, the book includes all major Rules, Regulations, Notifications and Orders issued under FEMA, covering essential areas such as Capital Account Transactions, Current Account Transactions, FDI, ODI, LRS, export and import of currency, and compounding procedures. Each provision is presented with accuracy and clarity to support efficient interpretation by practitioners and learners. The book also includes practical references to RBI regulatory powers, reporting requirements, penalties, adjudication mechanisms, and compliance obligations for individuals, businesses and financial institutions. Explanatory notes highlight the distinction between capital and current account transactions, timelines for filings, approval requirements, and consequences of non-compliance. Detailed cross-references and systematic indexing make this edition a reliable daily tool for navigating India’s foreign exchange framework.Designed for legal professionals, corporates, bankers, auditors and students, this comprehensive edition helps users interpret statutory provisions with ease and stay aligned with contemporary regulatory practices. It serves as an essential desk companion for anyone dealing with foreign exchange, international transactions or RBI compliance.






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