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​What are the major provisions covered in FEMA, 1999?​

Open uri20170510 32134 59004f?1494421790 Anshul Dhawan asked over 2 years ago

Hi I am Rohith. Can I know, ​What are the major provisions covered in FEMA, 1999?​

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Surbhi answered about 2 years ago

Hi, The major provisions of FEMA, 1999 relate to following matters : Dealing in foreign exchange, etc. Holding of foreign exchange, etc. Current account transactions Capital account transactions Export of goods and services Realization and repatriation of foreign exchange Exemption from realization and repatriation in certain cases. Provisions relating to authorised persons. i.e. authorised by RBI to deal with foreign exchange or in foreign securities Power of RBI to inspect authorized person Contravention and penalties Adjudication and appeal Directorate of enforcement Miscellaneous provisions

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

Dealing in foreign exchange, etc. Holding of foreign exchange, etc. Current account transactions Capital account transactions Export of goods and services Realization and repatriation of foreign exchange

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 HIMANSHU answered over 2 years ago

The major provisions of FEMA, 1999 relate to following matters : •Dealing in foreign exchange, etc. •Holding of foreign exchange, etc. •Current account transactions •Capital account transactions •Export of goods and services •Realization and repatriation of foreign exchange •Exemption from realization and repatriation in certain cases. •Provisions relating to authorised persons. i.e. authorised by RBI to deal with foreign exchange or in foreign securities •Power of RBI to inspect authorized person •Contravention and penalties •Adjudication and appeal •Directorate of enforcement •Miscellaneous provisions

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Picsjoin 2017224123730582 Archana answered over 2 years ago

Hie Rohith, **The major provisions of FEMA, 1999 relate to following matters :** - Dealing in foreign exchange, etc. - Holding of foreign exchange, etc. - Current account transactions - Capital account transactions - Export of goods and services - Realization and repatriation of foreign exchange - Exemption from realization and repatriation in certain cases. - Provisions relating to authorised persons. i.e. authorised by RBI to deal with foreign exchange or in foreign securities - Power of RBI to inspect authorized person - Contravention and penalties - Adjudication and appeal - Directorate of enforcement - Miscellaneous provisions

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