fema

Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No. FEMA 21(R)/2018-RB March 26, 2018 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018 In exercise of the powers conferred by clause (i) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the …

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In India, all transactions that include foreign exchange are regulated by the Foreign Exchange Management Act (FEMA), 1999. It repealed the Foreign Exchange Regulations Act (FERA),1973. FEMA has been enacted to facilitate external trade and payments and to promote the orderly development and maintenance of foreign exchange market. It applies to all branches,offices and agencies outside India,owned or …

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