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Foreign Exchange Management Act, 1999

Foreign Exchange Management Act, 1999

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Categories:Types, Brochures
Published by: librangod on Jan 27, 2010
Copyright:Attribution Non-commercial

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05/08/2013

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FEMAProf. Parul Gupta1
FOREIGN EXCHANGEFOREIGN EXCHANGEMANAGEMENT ACT, 1999MANAGEMENT ACT,
 
1999
 
FEMAProf. Parul Gupta2
Objectives
To facilitate external trade andpayments
To promote the orderly developmentand maintenance of foreignexchange market
 
FEMAProf. Parul Gupta3
Introduction: -
Foreign exchange transactions were regulatedby Foreign exchange regulation act (FERA),1973
Following the liberalization ushered in 1991some amendments were made to FERA in 1993there was a lot demand to bring certain majorchanges in FERA in the light of economicchanges took place
Consequently a new act was formed to replaceFERA, known as Foreign exchangemanagement act (FEMA), 1999

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