Question

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What are the provisions in FEMA in regard to regulation and management of foreign exchange?
explain ​

Answer 1

Answer:

Provisions of Foreign Exchange Management Act (FEMA) provides free transaction on current account subject to the guidelines by the RBI. Enforcement of Foreign Exchange Management Act (FEMA) is entrusted to a separate directorate, which undertakes investigations on contraventions of the Act.

Explanation:

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Answer 2

Answer:

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