Foreign exchange management act 1999 ppt

foreign exchange management act 1999 ppt

particular Obtaining information which such authorized person has failed to furnish Securing compliance with the provisions of Act. Only term deposits are permitted Regulation and management of foreign exchange The main provisions of the Act are:- It permits only authorised person to deal in foreign exchange or foreign security.

Specified non-trade current account transactions. It also includes which the RBI may notify from time to time. Fema served to make transactions for external trade (exports and imports) easier transactions involving current account for external trade no longer required RBIs permission. Trade Exports Export trade is regulated by dgft as per FTP Sec.7 of fema. To appoint one or more special Directors to hear the appeals against the orders of the Adjudicating Authorities. The Reserve Bank may, at any time, cause an inspection to be made, by any officer specially authorised in writing by it in this behalf, of the business of any authorised person as may appear to it to be necessary or expedient for the purpose. Where the amount cannot be quantified the penalty may be imposed up to two lakh rupees.

The Implementation of fera (in 1977) led to exit of IBM from India. This means if a person has to be assessed, as to whether he is person resident in India, for any offence committed in August 2001, then he should be residing in India for more than 182 days during April 2000 to March 20012. To appoint the as many adjudicating authorities as it may think fit for holding enquiries. Export: Goods and services from India to outside Foreign Currency: Other than Indian currency Foreign Exchange : Means foreign currency Foreign Security: Security expressed in foreign currency Import: Goods and services from outside to India Security: Shares, Stock etc work from home jobs in florida data entry as defined in the Public Debt. Diagrammatic presentation Foreign Investments FDI Portfolio Investments Venture Capital Investments Other investments Investment on non repartriable basis sebi regd. Section 20 Composition of Appellate Tribunal.

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