Foreign Exchange Management Act 1999
On 29th April, 2023, the Enforcement Directorate (ED) conducted searches and seizure action at three premises linked to an EdTech firm in Bengaluru under the provisions of the Foreign Exchange Management Act (FEMA).
About FEMA
- It replaced the Foreign Exchange Regulation Act, 1973.
- It came into force on the 1st day of June, 2000.
- The object of the Act is to consolidate and amend the law relating to foreign exchange with objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.
- The Central Government has established the Directorate of Enforcement ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 New Initiatives for Cyber Crime Prevention
- 2 7th National Security Strategy Conference, 2024
- 3 Supreme Court Tightens Law on Child Pornography
- 4 SC Emphasises Establishment of Gram Nyayalayas
- 5 First Meeting of ANRF Governing Board
- 6 20th Maritime State Development Council
- 7 Parliamentary Committee on Official Language
- 8 National Conference on Universal Access to Healthcare
- 9 Cabinet Accepts Recommendations on Simultaneous Elections
- 10 Lokpal's Inquiry Wing: New Push towards Anti-Corruption Efforts
