What Is FEMA Learn about the Foreign Exchange Management Act regulating foreign exchange transactions and currency dealings in India FEMA enacted in 1999 replaced FERA to modernize and simplify regulations governing foreign exchange It aims to facilitate external trade regulate capital flows and ensure compliance with RBI guidelines Explore FEMA’s key provisions its impact on businesses and individuals and its role in shaping India’s economic policies Stay updated on FEMA’s evolution and its significance in fostering 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…
