all current and capital account transactions all activities permitted to ffmc and specified non-trade related current account transactions foreign exchange, transactions related purchase of foreign exchange and sale for private and business visits abroad structure of fema the head office of fema, also kn...
This programme includes a single limit for both current account transactions and capital account transactions made by an individual. Since this programme only applies to payments made by an individual, corporations, partnership firms, HUFs, trusts, etc. are not covered by it. Conclusion In order ...
FEMA envisages that RBI shall have controlling role in management of foreign exchange. Since RBI cannot directly handle foreign exchange transactions, it authorizes “Authorised Persons” to deal in foreign exchange as per direction issued by RBI.RBI is empowered to issue direction to such “Authoris...