FEMA

E633185

FEMA is an Indian law enacted in 1999 that governs foreign exchange transactions and aims to facilitate external trade and payments while promoting the orderly development of the country’s foreign exchange market.

All labels observed (1)

Label Occurrences
FEMA canonical 2

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf Indian statute ⓘ
foreign exchange law ⓘ
administeredBy Central Government of India ⓘ
linked to: Government of India

Reserve Bank of India ⓘ
appliesTo foreign exchange dealings in India ⓘ
persons resident in India ⓘ
persons resident outside India in specified cases ⓘ
authorises authorised dealers in foreign exchange ⓘ
containsProvisionOn acquisition and holding of foreign exchange ⓘ
branch, office or agency outside India ⓘ
capital account regulation ⓘ
current account convertibility ⓘ
export of goods and services ⓘ
foreign security and immovable property outside India ⓘ
realisation and repatriation of export proceeds ⓘ
transfer of foreign exchange ⓘ
country India ⓘ
definesTerm authorised person ⓘ
capital account transaction ⓘ
current account transaction ⓘ
person resident in India ⓘ
enactedBy Parliament of India ⓘ
enactedInYear 1999 ⓘ
enforcementMechanism adjudication by designated authorities ⓘ
appeals to Appellate Tribunal ⓘ
appeals to High Court ⓘ
focus management of foreign exchange ⓘ
fullName Foreign Exchange Management Act, 1999 ⓘ
governs capital account transactions ⓘ
cross-border payments ⓘ
current account transactions ⓘ
foreign exchange transactions ⓘ
legalNature civil law framework ⓘ
linkedTo India’s external sector management ⓘ
India’s foreign exchange policy ⓘ
penaltiesType monetary penalties ⓘ
policyOrientation liberalised foreign exchange regime ⓘ
primaryObjective facilitation of external trade and payments ⓘ
promotion of orderly development and maintenance of foreign exchange market in India ⓘ
region Republic of India ⓘ
linked to: India
replaced Foreign Exchange Regulation Act, 1973 ⓘ
replacedLegalNatureOf criminal law framework under FERA ⓘ
scope transactions between residents and non-residents ⓘ
shortTitle Foreign Exchange Management Act ⓘ
status in force ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.