Learn about the objectives of FERA and its impact on foreign exchange regulation. Sriya Enterprise provides expert compliance advice. The Foreign Exchange Regulation Act (FERA) was established to regulate foreign exchange transactions and maintain the balance of payments in India. Its objectives included conserving foreign exchange, regulating payments, and controlling transactions involving foreign exchange and securities. FERA aimed to strengthen the country’s foreign exchange reserves and ensure economic stability. Sriya Enterprise helps businesses understand the historical context and transition from FERA to FEMA, guiding them in navigating the current regulatory landscape for international trade.
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…
