Applicability and Key Definitions (Foreign Exchange, Currency, Foreign Security)
· Chapter
FEMA, 1999
22 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
Capital Account Transactions — Schedule I (Permissible CAATs for PRII)
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3
Capital Account Transactions — Schedule II (Permissible CAATs for PROI) and Power to Regulate
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4
Capital Account Transactions — Schedules I and II
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5
Capital Account vs Current Account Transactions
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6
Current Account Transactions — Schedule I (Prohibited Transactions)
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7
Current Account Transactions — Schedule II (Requiring Prior Approval of Central Government)
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8
Current Account Transactions — Schedule III (Freely Permitted up to Specified Limit; RBI Approval Above)
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9
Definitions — Authorised Person, Currency, Currency Notes, Foreign Currency, Foreign Exchange, Foreign Security
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10
Definitions — Export, Import, Person and Transfer
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11
Key Definitions under FEMA
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12
Need, Salient Features and Background of FEMA
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13
Person Resident in India and Person Resident Outside India
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14
Preamble, Extent, Application and Commencement of FEMA
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15
Regulation & Management of Foreign Exchange — General Prohibitions and Classification
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16
Residential Status under FEMA
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17
Schedule I — Prohibited Current Account Transactions
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18
Schedule II — Central Government Approval
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19
Schedule III — LRS and Individual Remittances
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20
Schedule III — Persons Other Than Individuals
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21
Section 3 — Restrictions on Dealing in Foreign Exchange
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22
Section 4 — Holding of Foreign Assets
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