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FEMA - Foreign Exchange Management Act, 1999

12 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
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All lessons

1
Classification of Capital Account Transactions (CAT) under FEMA
2
FERA vs FEMA - Comparison of Key Features
3
Prohibited CAT for PRI - Transactions with Citizens of North Korea / DPRK
4
Prohibited Capital Account Transactions for PROI
5
Schedule III Aggregate Limit of USD 2,50,000 for PRI and FATF Restriction
6
Section 1 - Applicability of FEMA
7
Section 2 - Definition of Authorised Person
8
Section 2 - Definition of Currency, Foreign Currency, Coins & Bank Notes
9
Section 2 - Definition of Export and Import
10
Section 2(u) - Definition of Person
11
Section 2(v) - Person Resident in India (Artificial Persons)
12
Section 2(v) - Person Resident in India (Individual)
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