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FEMANOMICS: The knowledge series on Foreign Exchange Management Act

Topic: Decoding the Overseas Investment (OI) Framework

About the Event

The landscape of Overseas Investment (OI) has shifted. With the new OI Rules, the distinction between a compliant structure and a violation is often buried in the fine print.


For Chartered Accountants, Lawyers, and Company Secretaries, the challenge isn't just knowing the law—it's applying it to complex, real-world scenarios.


Academy of Forex Research is organising a full-day seminar on Foreign Exchange Management Act, 1999 focussing on the Overseas Investment (OI) framework as part of the FEMANOMICS series. The OI Framework was introduced on 22 August 2022. This revamped the existing overseas investment laws on acquiring securities and immovable property. 


This seminar on the OI framework is aimed at understanding the nuances and practical issues in the OI framework. This daylong seminar is focused on helping the participants understand the technicalities and practicalities for OI Framework, along with recent updates and significant changes in the Framework.

Venue and Date

23rd January 2026 | Friday 


Hotel Radisson HITEC City 

Gachibowli 

Hyderabad - 500032

Location: https://maps.app.goo.gl/1F1acFrzkR4P4iKU7

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Who Should Attend ?

  • Chartered Accountants
  • Company Secretaries
  • Cost and Management Accountants
  • CFOs and Finance Controllers
  • Finance and Accounts Executives
  • Legal Heads / Corporate Counsels / In-house Counsels
  • Managers & Executives from Legal Department
  • Private Equity & Venture Capitalists
  • Commercial and Investment Bankers
  • Law Firms & Business Consultants

Why you should attend ?

In an era of global economic integration, the role of the professional has evolved from merely filing forms to architecting complex cross-border strategies. Since the notification of the Foreign Exchange Management (Overseas Investment) Rules, 2022, the regulatory landscape has demanded a higher degree of precision and interpretative skill.


FEMANOMICS: addresses the critical need for technical clarity in this evolving domain.

As practitioners, we are increasingly required to provide an opinion on intricate matters that go beyond the text of the regulations, such as:

  • Delineating the precise boundary between control and non-control for making ODI Investments. 
  • What is a trust? Can it make overseas investments?
  • Structuring the cross-border transfer of Intangible Assets 
  • Harmonizing the layering restrictions of the Companies Act, 2013 with the flexibility offered under the FEMA OI framework.

This seminar is not merely an overview of the law; it is a technical deep-dive designed for the modern practitioner.


We invite you to join us as we dissect real-world case studies, analyze compounding orders, and develop robust frameworks for overseas investment. This is your opportunity to transition your practice from retrospective compliance to proactive, strategic advisory.

Agenda

Technical Sessions


9.00am - 9.45am - Registration and Tea/Coffee 

 
 

9.45am - 10.00am - Inaugural Address 

 
 

10.00 am - 10.30 am - Keynote Speech by Chief Guest - Shri J Subramanyam, Dy Director, Enforcement Directorate (Retd.) 

 
 

10.30am - 11.30 am Session 1: Overseas Direct Investment (ODI): Pitfalls & Practicalities for Corporate entities

  • Discussing the concept of control. 
  • Financial services activity - SPV vs. Holding company 
  • The nature of Bonafide activity - Is Crypto included ? etc
  • Valuation issues surrounding overseas investments
  • Swap and Capitalisation of the investments 
  • NIC Codes and its importance 
  • Prohibited Sectors - Directly and indirectly 
  • Digital Assets/ Virtual Currencies - How to invest? Is it permitted?

 
 

11.30am -12.15pm Session 2: The LRS vs ODI - Common myths of individual investors 

  • LRS Limit for all capital and current account transactions
  • Prohibitions: Real estate business, Gambling and Crypto Currency 
  • Should  I repatriate my uninvested amount ? What falls under uninvested income ?
  • ODI and Step-down subsidiaries for individuals
  • Navigating the confusion: Portfolio investment vs. Control.
  • Gifting of ODI investments - permissible combinations
  • Debt to Non-residents 

 
 

12.15pm - 12.30pm - Tea/Coffee Networking Break 

 
 

12.30pm - 1.00pm - Session 3: Cross-border family offices: Issues under FEMA for settinng up family offices abroad

  • Regulatory requirements and permissibility of having family offices abroad 
  • Can a resident Indian be a beneficiary to a foreign trust ? what are the      permutations and combinations?
  • Permissibility of having holding companies outside of India ?
  • How can unlisted entities make OPI investments 
  • GIFT - IFSC - viable route for family offices from India?

 
 

1.00pm - 2.00pm- Networking Lunch 

 
 

2.00pm - 2.30pm - Session 4: Structuring & Compliance :The Layering Maze

  • Intersection of restriction on layers (Companies Act) and FEMA.
  • Structuring downstream investments without tripping on compliance.
  • Where does the layering start from ? How many levels are included in two layers?
  • How many layers can a ODI Lasagna have ?

 
 

2.30pm- 3.30pm Session 5: Global Real Estate - Acquiring Immovable Property Outside India 

  • Can you buy the London apartment? A villa in Europe ? Routes for acquisition and permissibility. 
  • Source  of funds, inheritance, and joint ownership issues.
  • Can I  buy the villa in Dubai on the schemes provided by the builder over an extended period of time? 
  • Can my company acquire property abroad for director's use ? What is meant by real estate business?

 
 

3.30pm - 4.30pm- Hi-Tea and Networking 

 
 

4.30pm - 5.30pm- Open house (Q & A Session) & Concluding remarks 

Knowledge Experts

P V R Rajendra Prasad FCA DBA

 Mr. PVR Rajendra Prasad is a Fellow member of the Institute of  Chartered Accountant of India. He has had a brilliant academic career and is a rank holder in the final examination.  


He has over four decades of professional experience in dealing with Forex Regulatory issues in India. 

Mr Prasad is the founder and CEO of PnP Consulting Private Limited. PnP Consulting is an international forex and business consulting firm having offices in Singapore and Dubai besides Hyderabad. 


Mr Prasad has contributed several papers and delivered lectures on FEMA and PMLA at several august institutions and occasions. He is also considered an authority on FEMA, 1999


Mr Prasad also serves on the Board of JPR Capital, SEBI registered Category - I Merchant Banker, which is the investment banking arm of PnP Group

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P V S S Jayasimha ACVA, JD

Jayasimha Pasumarti is a distinguished Senior Advisor at PnP Consulting, specialising in Investment & Regulatory Consulting. 


With a unique blend of legal and financial expertise, he holds a Juris Doctor (JD) degree with distinction from the National University of Singapore (NUS) and a Bachelor of Business Management (Finance) degree from the Singapore Management University (SMU). 


An Accredited Valuer and Appraiser (ACVA) through IVAS Singapore, he brings over seven years of experience in strategic financial and regulatory advisory, cross-border investments, and business valuation.


Jayasimha also serves as a Director at JPR Capital – A Category-I Merchant bank. Reflecting his deep knowledge in investment banking and strategy, he has presented papers at seminars

conducted by notable institutions, including the Reserve Bank of India, the Ministry of Trade and Commerce, Singapore, through ACE, and various other private and governmental organisations. 

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Ramesh Jujare FCA, FCS LLB

Ramesh Jujare FCA, FCS LLB

Ramesh is a Fellow Member of The Institute of Company Secretaries of India and a Fellow Member of The Chartered Accountants of India. He is also a Law Graduate from Osmania University, Hyderabad. 


Ramesh is an Advisor at PnP Consulting  specialising on investment regulations

He has over 36 years of experience in Company Law matters and Corporate Finance. He has specialized experience in the fields of Project and Corporate Finance, Accounting, Audit and Corporate Governance. 


He has handled various assignments in Corporate Finance Structuring, Transaction Advisory, Mergers and Acquisitions, IPO Compliances, ESOPs and related activities.

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Delegate Fees

  • Delegate Fees - ₹6500 


  • Early Bird registration fee - ₹ 3000  (Discount of ₹3500 applicable on registrations before 26th December 2025) - EARLY BIRD REGISTRATION CLOSED


Please sign up for the conference using the link below 

Register Now

Femanomics | Academy of Forex Research

The seminars are organised by PnP Capital Advisory LLP under brand FEMANOMICS which is strictly the trademark of PnP Capital Advisory LLP

Copyright © 2025 Femanomics | Academy of Forex Research - All Rights Reserved.

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