Discover the mission of FEMA, focusing on managing foreign exchange and promoting economic stability and growth in India. Sriya Enterprise provides expert advice on regulatory compliance for MSMEs. FEMA aims to facilitate external trade and payments, ensure the proper utilization of foreign exchange resources, and promote the orderly development and maintenance of the foreign exchange market. By providing a legal framework for foreign exchange transactions, FEMA helps create a more liberalized and growth-oriented economic environment, contributing to the nation’s overall economic health. Sriya Enterprise supports MSMEs in staying compliant with these regulations, fostering a stable and growth-oriented business environment.
If you work with foreign payments, international business, or investments from outside India, you have definitely heard of FEMA- Foreign Exchange Management Act. A law introduced by the Government of India in 1999 and enforced from June 1, 2000. The…
If you’ve recently tried to remit funds abroad, you may have noticed a new hurdle: Indian banks are now scrutinizing the purpose code you use for every overseas transaction. Gone are the days when “S1099 – Other Services Not Included Elsewhere” was…
Understanding FATF and Its Impact on International Trade: An Indian Perspective In the realm of export and Import, compliance and regulatory frameworks play a pivotal role in ensuring smooth and secure transactions across borders. One such critical framework is provided…
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