Question

Highlight any 3 features of FEMA hurricane liaision rooms Please answer fast. ​

Answer 1

THESE ARE THE FEATURES OF FEMA HURRICANE LIAISION ROOMS:-

1. It gives powers to the Central Government to regulate the flow of payments to and from a person situated outside the country.

2. All financial transactions concerning foreign securities or exchange cannot be carried out without the approval of FEMA. All transactions must be carried out through “Authorised Persons.”

3. In the general interest of the public, the Government of India can restrict an authorised individual from carrying out foreign exchange deals within the current account.

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