This book provides a comprehensive guide to India's regulatory framework on foreign exchange, including the Foreign Exchange Management Act (FEMA), related rules and regulations, and amendments up to July 2016. It includes section-by-section commentary on FEMA, discussions of rules and regulations as applied to different entities, and guidance for practitioners. The book also contains a CD with all relevant notifications and circulars from 1999 to 2015 to serve as a single reference source on foreign exchange management in India.