Foreign Exchange Management Act, 1999

Question

18 Feb 2024

Answer :

Word Count : 305

The Foreign Exchange Management Act (FEMA) of 1999 is a crucial legislation in India that governs all aspects related to foreign exchange transactions. It replaced the archaic Foreign Exchange Regulation Act (FERA) of 1973 and was enacted to facilitate external trade and payments and to promote orderly development and maintenance ______ __________ _______ ________ ___ _______ ______.
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