FEMA

FOREIGN EXCHANGE REGULATION ACT, 1973 (FERA)

FOREIGN EXCHANGE MANAGEMENT ACT, ACT, 1999 (FEMA)

Regulation And Management Of Foreign Exchange
y y y y

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.

y

y

Miscellaneous
y

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

y

y

y

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

y

y