FEMA Means Learn about the Foreign Exchange Management Act regulating currency transactions in India FEMA enacted in 1999 replaced FERA to modernize regulations and streamline foreign exchange controls It facilitates external trade regulates capital flows and ensures compliance with RBI guidelines Explore FEMA’s provisions its impact on businesses and individuals and its role in shaping India’s economic policies Stay informed about FEMA’s evolution and its crucial role in maintaining transparency and stability in foreign exchange management.
The Foreign Exchange Management Act (FEMA) stands as a cornerstone in India's regulatory framework, overseeing foreign exchange transactions and currency dealings since its enactment in 1999. Replacing the Foreign Exchange Regulation Act (FERA), FEMA ushered in a new era of…
