Foreign exchange regulation under FEMA governs transactions, repatriation, authorised persons and enforcement procedures. FEMA, 1999 regulates dealing, holding, acquisition and transfer of foreign exchange and foreign securities; differentiates current account and capital ... Summary
Foreign exchange regulation under FEMA governs transactions, repatriation, authorised persons and enforcement procedures.
FEMA, 1999 regulates dealing, holding, acquisition and transfer of foreign exchange and foreign securities; differentiates current account and capital account transactions; governs acquisition and transfer of immovable property in India and abroad; sets rules for export, realization and repatriation of foreign exchange and specified exemptions; prescribes the role and inspection powers of authorised persons; and provides for enforcement, penalties, adjudication, appeal and the Directorate of Enforcement.
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