Historical Background of Law relating to Foreign Exchange v Foreign Exchange Regulation Act, 1947 and Foreign Exchange Regulation Act, 1973 Scarcity of Foreign Exchange in India led to its control since the beginning of World War II. Exchange control was introduced in India under the Defence of India Rules on September 3, 1939 on a… Continue reading EVOLUTION OF FOREIGN EXCHANGE REGULATIONS IN INDIA
FEMA guidelines for FDI in e-commerce entities ‘E-commerce’ means buying and selling of goods and services including digital products over digital & electronic network. ‘E-commerce entities’ are the following entities conducting the e-commerce business: a company incorporated under the Companies Act, 1956 or the Companies Act, 2013. a foreign company covered under section… Continue reading FEMA guidelines for FDI in e-commerce entities
Implementation of System for Monitoring of Foreign Investment in Listed Company The Foreign Investment in India is regulated in terms of clause (b) of sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by a Person resident… Continue reading Implementation of System for Monitoring of Foreign Investment in Listed Company
Import of Goods and Services under FEMA Foreign Exchange Management Act, 1999 (FEMA) came into force with effect from June 1, 2000, Preamble of the FEMA reads as under: An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and… Continue reading Import of Goods and Services under FEMA
Current and Capital Account Transactions under FEMA The Foreign Exchange Management Act, 1999 (FEMA) came into force with effect from June 1, 2000, and as per the Preamble of FEMA, the Act was made with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market… Continue reading Current and Capital Account Transactions under FEMA
FOREIGN DIRECT INVESTMENT ( FDI) BONANZA TO INDIAN ECONOMY : 2015 India is the fastest growing economy among major Nations. The World Bank has improved India’s ranking by 12 places in the 2016 Study of Ease of Doing Business. The Central Government has expressed its commitment towards three pillared aim of liberalization, ease of doing… Continue reading FOREIGN DIRECT INVESTMENT (FDI) BONANZA TO INDIAN ECONOMY: 2015
External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of sub-section 3 of section 6 of the Foreign Exchange Management Act, 1999 read with Notification No. FEMA 3/ 2000-RB viz. Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, dated May 3, 2000, as amended from time to time.… Continue reading PARKING OF EXTERNAL COMMERCIAL BORROWINGS PROCEEDS IN INDIA
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