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I have read a few threads where it is suggested to start from the Acts along with the rules and regs. But is there another way to go about this?
Then start reading NDI rules, FDI policy, reporting regulations, RBI master direction and circular on FDI - for equity and related instruments transactions
To start with debt - read debt regulations, ECB directions, RBI master direction and circulars.
Other transactions which requires study of special regulations:
Import and export of services and goods - separate regulations are there for both + master directions
Overseas direct investment - ODI regime (rules, regulations and guidelines issued in 2022)
Practical tip: Get in touch with AD bankers for understanding above regulations, rules, etc. more practically. Assuming your firm would have data base for all ADs.
Follow above, you will be sorted for FEMA.