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Switch From FERA by Soujanya is a document available to read on EtoBox.
What is Switch From FERA about?
FERA was replaced by the Foreign Exchange Management Act (FEMA) in 1998 to liberalize foreign exchange controls and facilitate external trade in India. FEMA aims to regulate foreign exchange transactions, conserve reserves, promote market stability, and prevent illegal activities while ensuring compliance with international obligations. The act distinguishes between current account transactions, which are mostly unrestricted, and capital account transactions, which are regulated.
- Author
- Soujanya
- Language
- EN