Can I read Amendment in FEMA - LSF on EtoBox?
Amendment in FEMA - LSF by Priya Ranjan is a document available to read on EtoBox.
What is Amendment in FEMA - LSF about?
The Reserve Bank of India is proposing amendments to the Foreign Exchange Management Act (FEMA) to regularize reporting contraventions through a Late Submission Fee (LSF) mechanism, which has faced legal challenges regarding its validity. The proposal aims to provide legal backing for LSF by amending the Act and related regulations, ensuring the Reserve Bank can impose such fees without future legal risks. Three proposals are outlined, with the most comprehensive suggesting the insertion of specific clauses
- Author
- Priya Ranjan
- Language
- EN