Foreign Exchange Management Act, 1999

URI: https://gptkb.org/entity/Foreign_Exchange_Management_Act,_1999
GPTKB entity
Statements (29)
Predicate Object
gptkbp:instanceOf gptkb:Indian_legislation
gptkbp:abbreviation gptkb:FEMA
gptkbp:administeredBy gptkb:Reserve_Bank_of_India
gptkbp:appliesTo whole of India
all branches, offices, and agencies outside India owned or controlled by a person resident in India
gptkbp:category gptkb:legislation
gptkbp:dateEnacted 1999
gptkbp:enactedBy gptkb:Parliament_of_India
gptkbp:enteredIntoForce 1 June 2000
gptkbp:focus liberalization of foreign exchange controls
management of foreign exchange
gptkbp:penaltiesUnder civil penalties
gptkbp:purpose facilitate external trade and payments
promote orderly development and maintenance of foreign exchange market in India
gptkbp:relatedTo remittances
foreign investment
cross-border transactions
export and import of currency
foreign currency accounts
gptkbp:repealedBy gptkb:Foreign_Exchange_Regulation_Act,_1973
gptkbp:replacedBy gptkb:Foreign_Exchange_Regulation_Act,_1973
gptkbp:section 49
gptkbp:type gptkb:commercial_law
gptkbp:website https://dea.gov.in/acts-rules/foreign-exchange-management-act-1999
gptkbp:bfsParent gptkb:Foreign_Venture_Capital_Investors
gptkb:Enforcement_Directorate
gptkb:Foreign_Exchange_Regulation_Act,_1973
gptkbp:bfsLayer 7
https://www.w3.org/2000/01/rdf-schema#label Foreign Exchange Management Act, 1999