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of <h1>FEMA 1999: Key Chapters on Foreign Exchange Regulation, Authorized Persons, Penalties, and Adjudication Explained</h1> The Foreign Exchange Management Act (FEMA), 1999, is structured into seven chapters covering preliminary aspects, regulation and management of foreign exchange, authorized persons, contraventions and penalties, adjudication and appeal, the Directorate of Enforcement, and miscellaneous provisions. Several rules and regulations have been framed under FEMA, addressing areas such as overseas investment, non-debt instruments, foreign contributions, current account transactions, adjudication proceedings, and more. These rules and regulations provide detailed guidance on the management of foreign exchange activities and compliance requirements in India.
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