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An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.
List of FFMC Licences Cancelled. Unique Identification Numbers allotted to Branch Offices and Liaison Offices of Foreign entities in India (as on March 31, 2024) Money Transfer Service Scheme (MTSS) – List of Overseas Principals, Indian Agents and their Sub-Agents. Electronic Reporting System. State and District Code List.
The Foreign Exchange Management Act, 1999 ( FEMA ), is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". [1]
An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.
FEMA stands for ‘ Foreign Exchange Management Act ’, an official Act that consolidates and amends laws regulating foreign exchange in India. FEMA was enacted by the Parliament of India in the winter session of 1999 to replace the Foreign Exchange Regulation Act (FERA) of 1973.
Feb 3, 2020 · Foreign Exchange Regulation Act, 1973 (FERA) was replaced by the Foreign Management Act, 1999 (FEMA). FEMA was enacted by Parliament of India and it came into force on 1st June, 2000. There are a total of 49 Sections divided into 7 chapters.
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024. 83 kb. Dec 22, 2023. Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023. 147 kb. Aug 22, 2022. Foreign Exchange Management (Overseas Investment) Regulations, 2022. No. FEMA 400/2022-RB.
The Foreign Exchange Management Act, 1999 (42 of 1999) Last Updated 20th January, 2020 Statement of Objects and Reasons.-The Foreign Exchange Regulation Act, 1973 was reviewed in 1993 and several amendments were enacted as part of the on-going process of economic liberalisation relating to foreign investments and foreign trade for closer interac...
Aug 22, 2022 · August 22, 2022. Foreign Exchange Management (Overseas Investment) Regulations, 2022. In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following regulations, namely:–. 1.
The Act consists of 7 Chapters dealing with following areas: PREAMBLE, EXTENT, APPLICATION AND COMMENCEMENT OF FEMA, 1999 . Preamble: This Act aims to consolidate and amend the law relating to foreign exchange with the objective of — . facilitating external trade and payments and .
