Various reports and returns discontinued under FEMA, 1999

Various reports and returns discountinued under FEMA, 1999 Recently, vide circular no. RBI/2020-21/66 dated 13th November 2020, the Reserve Bank of India has announced the discontinuation of total 17 reports and returns which were earlier prescribed under Foreign Exchange Management…

Foreign Exchange Management Act, 1999

Foreign Exchange Management Act, 1999 The legal framework for administering foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. In the winter session of the Parliament on 4 August, 1998, the Foreign Exchange Management Act…

FEMA

FEMA -¬†Foreign Exchange Management Act The Foreign Exchange Management Act (FEMA) is legislation which regulates the inflow and outflow of foreign exchange. It¬†came into force on 1st June 2000. The objective of FEMA is to regulate all aspects relating to…