Section 6deals with capital account transactions. This section allows a person to draw or sell foreign exchange from or to an authorised person for a capital account transaction. RBI in consultation with the Central Government has issued various regulations on capital account transactions in terms of...
it is a set of regulations that empowers the reserve bank of india to pass regulations and enables the government of india to pass rules relating to foreign exchange in tune with the foreign trade policy of india. which act did fema replace? the fema act replaced an the foreign exchange...