Foreign Exchange Management Act (FEMA)
GPTKB entity
Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:action
|
| 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:citation |
Act No. 42 of 1999
|
| gptkbp:dateEnacted |
1999
|
| gptkbp:enactedBy |
gptkb:Parliament_of_India
|
| gptkbp:enteredIntoForce |
1 June 2000
|
| https://www.w3.org/2000/01/rdf-schema#label |
Foreign Exchange Management Act (FEMA)
|
| gptkbp:objective |
facilitate external trade and payments
promote orderly development and maintenance of foreign exchange market in India |
| gptkbp:penalty |
up to three times the sum involved
|
| gptkbp:regulates |
foreign exchange
cross-border payments foreign investments |
| gptkbp:repealedBy |
gptkb:FERA
|
| gptkbp:replacedBy |
Foreign Exchange Regulation Act (FERA)
|
| gptkbp:section |
49
|
| gptkbp:shortName |
gptkb:FEMA
|
| gptkbp:type |
civil law
|
| gptkbp:bfsParent |
gptkb:Non-Resident_Indians_(NRIs)
|
| gptkbp:bfsLayer |
6
|