FEMA is applicable in all over India and even branches, offices and agencies located outside India, if it belongs to a person who is a resident of India. Some Highlights of FEMA It prohibits foreign exchange dealing undertaken other than an authorised person; It also makes it clear that ...
Section 3prohibits dealings in foreign exchange except through an authorised person. Similarly, without the prior approval of the RBI, no person can make any payment to any person resident outside India in any manner other than that prescribed by it. The Act restricts non-authorised persons from...
Transfer or issue of foreign security to resident and Indian security to non-resident; Borrowing and lending in foreign exchange or to a foreign person; Export/import of currency or currency notes; Transfer of immovable property outside India; Giving guarantee or surety where foreign exchange transa...
Learn how to apply to our programs. Notice to Applicants for NFA or EMI Courses. How to apply for a FEMA Independent Study course (Online Course). How to apply for a course held in EMI (On-Campus Course). Resident, Master Trainer Program, IEMC, DFTO, etc. Master Trainer Program (...
(vi) Deposits between persons resident in India and persons resident outside India; ADVERTISEMENTS: (vii) Export, import of holdings of currency or currency notes; (viii) Transfer of immovable property outside India, other than a lease not exceeding five years, by a person resident in India;...
Foreign Exchange Management Act regulates these services for free flow of foreign Exchange in India. The applicability of FEMA is extended up to branches of it in foreign countries, if it belongs to a person who is resident of India. Characteristics and objectives of FEMA: Amendment and ...
exchange market in India. FEMA extends to the whole of India. The Act also applies to all branches, offices and agencies outside India owned or controlled by a person resident in India and also to any contravention committed there under outside India by any person to whom this Act is ...
How to apply for a course held in EMI (On-Campus Course). Resident, Master Trainer Program, IEMC, DFTO, etc. Master Trainer Program (MTP). INTERNAL PAGES fema.gov 1 National Flood Insurance Program: Flood Hazard Mapping | FEMA.gov https://www.fema.gov/national-flood-insurance-...
to the whole country. Therefore, all the citizens of the country, inside or outside India are covered under this act. The act extends to branches and agencies of the Indian multinationals operating outside the country, which is owned or controlled by the person who is the resident of India...