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FEMA norms eased to spur investment from overseas. This notification by RBI has combined which of the 2 existing regulations? 
  • a)
    FEMA 30 and FEMA 24
  • b)
    FEMA 40 and FEMA 20
  • c)
    FEMA 20 and FEMA 24
  • d)
    FEMA 10 and FEMA 20
  • e)
    FEMA 50 and FEMA 24
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
FEMA norms eased to spur investment from overseas. This notification b...
Answer – 3. FEMA 20 and FEMA 24
Explanation

Reserve Bank of India (RBI) has simplified the Foreign Exchange Management regulations pertaining to Transfer or Issue of Security by a Person Resident outside India. This has been done by putting all the 93 amendments to Foreign Exchange Management Act (FEMA) under one notification. This notification by RBI has combined two existing regulations FEMA 20 and FEMA 24, which provides information on investment in an Indian company or a partnership, or in a limited liability partnership or in a partnership firm.
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FEMA norms eased to spur investment from overseas. This notification by RBI has combined which of the 2 existing regulations?a)FEMA 30 and FEMA 24b)FEMA 40 and FEMA 20c)FEMA 20 and FEMA 24d)FEMA 10 and FEMA 20e)FEMA 50 and FEMA 24Correct answer is option 'C'. Can you explain this answer?
Question Description
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