in the general interest of the public, the government of india can restrict an authorized individual from carrying out foreign exchange deals within the current account. empowers rbi to place restrictions on transactions from capital account even if it is carried out via an authorized individual. ...
Controlling foreign exchange transactions by issuing general or specific permission, with the exception of situations where specific rules, regulations, or laws have been enacted. - Section 3. Current account transactions are not subject to any restrictions from RBI. According to Section 5, only the...
The countries worldwide have different set of rules and regulations regarding foreign transaction compliances. With International Trade achieving new milestones it is essential to have a reliable legal consultant. In this regard, our services expand from advisory on transactions related to Foreign ...
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...
circumstances.89 According to federal regulations, FEMA recommends an increase in the federal cost share to up to 90% when the estimated cost of PA exceeds an established threshold for the state, tribe, or territory (in FY2021, $151 per capita).90 FEMA may also take into account other ...