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objective of FEMA Related: Features - Foreign Exchange Management Act...
FEMA - Foreign Exchange Management Act
The main objective of FEMA is to facilitate external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. FEMA deals with provisions relating to procedures, formalities, dealings, etc. of foreign exchange transactions in India. The transactions relating to foreign exchange have been classified under FEMA into two main categories, viz.,
(1) Current Account Transaction,
(2) Capital Account Transaction.
FEMA is applicable to all parts of India and was primarily formulated to utilize the foreign exchange resources in efficient manner. It is also equally applicable to the offices and agencies which are located outside India however is managed or owned by an Indian Citizen. FEMA head office is known as Enforcement Directorate and is situated in heart of city of Delhi.
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objective of FEMA Related: Features - Foreign Exchange Management Act(2000), Business Law?
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objective of FEMA Related: Features - Foreign Exchange Management Act(2000), Business Law? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about objective of FEMA Related: Features - Foreign Exchange Management Act(2000), Business Law? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for objective of FEMA Related: Features - Foreign Exchange Management Act(2000), Business Law?.
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