FEMA — Foreign Exchange Management Act 1999




Law · Statute

FEMA — Foreign Exchange Management Act 1999

Regulates external trade and payments; replaces FERA with a civil law framework.

Branch: Statute Jurisdiction: India
Pronunciation: 🇺🇸 US/ˈfɔrən ɪksˈʧeɪnʤ ˈmænɪʤmənt ækt/ 🇬🇧 UK/ˈfɔrən ɪksˈʧeɪnʤ ˈmænɪʤmənt ækt/

Definition

Regulates external trade and payments; replaces FERA with a civil law framework.

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