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The Foreign Exchange Management Act (FEMA) regulates foreign investment in India by establishing guidelines for foreign direct investment (FDI) and portfolio investment. It categorizes sectors into automatic and government approval routes, determining the extent and conditions under which foreign entities can invest. FEMA also mandates compliance with reporting requirements and foreign exchange transactions to ensure transparency and adherence to national interests. Overall, it aims to facilitate foreign investment while safeguarding India's economic sovereignty.
What else can I help you with?
Who regulates firefighters?
(FEMA)
Can a inland letter of credit be opened in foreign currency and if YES is there any provision in FEMA to honour the payment in foreign currency?
Yes, an inland letter of credit can be opened in foreign currency. The Foreign Exchange Management Act (FEMA) in India allows for such provisions to honor the payment in foreign currency, provided there is compliance with the regulations and guidelines outlined by the Reserve Bank of India (RBI) in this regard.
What is the full form for FERA and FEMA?
FERA stands for the Foreign Exchange Regulation Act, which was enacted in India in 1973 to regulate foreign exchange transactions and maintain the country's foreign exchange reserves. FEMA, or the Foreign Exchange Management Act, replaced FERA in 1999, aiming to facilitate external trade and payments while promoting the orderly development and maintenance of the foreign exchange market in India.
What is the regulating authority for foreign exchange management in UK?
fema
What is the full form of FERA?
Foreign Exchange Regulation Act . It has been changed to FEMA i.e. Foreign Exchange management act.
In India FERA has been replaced by?
= FERA has been replaced by FEMA =
How do you buy foreign lotteries from India?
You can buy foreign lottery tickets from lottery agents like, 'the lottery', 'online lotto shop' etc. But legally speaking, buying foreign lotteries through whatever means is illegal in India. Although there is no specific laws in regard to this, the FEMA rules prohibits remittance through gambling activities. Thus your winning can't be transferred to you through any legal channel. if you do illegal channel, the chance of getting caught is very high.
Discuss the salient features of FEMA act 1999.?
Salient features of FEMA:· It will facilitate trade rather than prevent misuse of foreign exchange.· Definitions of capital account transaction and current account transaction have been introduced keeping in mind the possibility of introduction of capital account convertibility in the near future.· All current account transactions shall be allowed (subject to reasonable restrictions). Reserve Bank to classify those capital account transactions that are to be permitted and to regulate transfer and issue of foreign securities by a resident in/outside India as well as setting up of branches/offices by foreign companies in India.· All key sections relating to dealings, holding and payments in foreign exchange and exports have been simplified.· Liberalization in enforcement provisions reflects that the attitude is of putting trust in the persons covered
What is the FEMA number for Isoamyl Valerate?
=what is the fema ?=
What act created FEMA?
no act created FEMA, FEMA was created from different people that was not passed by an act
Is FEMA Region a island?
yes, FEMA Region is a island.
Do you have to pay FEMA back?
do I have to pay fema for the relief I reiceived
