Which section of famer provides a person resident in india free to buy or sell foreign exchange for any current account transaction except for those transactions for withdrawal of foreign exchange has been prohibited by central government?
Answers
Answered by
1
The Foreign Exchange Management Act (1999) or in short FEMA has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA). It was also formulated to promote the orderly development and maintenance of foreign exchange market in India. FEMA is applicable to all parts of India.
Similar questions