Economy, asked by yashraj879, 1 year ago

Which act is useful to controlling hawla transaction?

Answers

Answered by Anonymous
0

Explanation:

❤️ Hello mate ❤️

FEMA act only allows exchange of foreign currencies by authorized dealers and so Hawala transactions are illegal within the FEMA Act. It imposes penalties on people involving in Hawala transactions.

Answered by rithvik301
0

Answer:

Explanation:

FEMA act only allows exchange of foreign currencies by authorized dealers and so Hawala transactions are illegal within the FEMA Act. It imposes penalties on people involving in Hawala transactions.

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