Business Studies, asked by sharmapooja21038, 5 hours ago

why was foreign exchange management act 1999 FEMA enacted give it's objective and reasons ?

Answers

Answered by Anonymous

0

Explanation:

The primary objective of FEMA act was “facilitating external trade and payments and promoting the orderly development and maintenance of foreign exchange market in India”. FEMA was enacted by the Parliament of India in the winter session of 1999 to replace the Foreign Exchange Regulation Act (FERA) of 1973.

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