FEMA

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FOREIGN EXCHANGE REGULATION ACT, 1973 (FERA)

FOREIGN EXCHANGE MANAGEMENT ACT, ACT, 1999 (FEMA)

Regulation And Management Of Foreign Exchange
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SECTION 3 :- Dealing in foreign exchange. SECTION 4 :- Holding of foreign exchange. SECTION 5 :- Current account transactions. SECTION 6 :- Capital account transactions.

y

SECTION 7 :- Export of goods and services. SECTION 8 :- Realization and repatriation of foreign exchange. SECTION 9 :- Exemption from realization and repatriation.

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y

Miscellaneous
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Power of Central Government to give directions. Contravention by companies. Removal of difficulties.

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y

y

Power to make rules Power to make regulations. Rules and regulations to be laid before Parliament.

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y

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