Last edited by Kazrara
Tuesday, August 4, 2020 | History

6 edition of Foreign Exchange Regulation Act, 1973 (Act XLVI of 1973) found in the catalog.

Foreign Exchange Regulation Act, 1973 (Act XLVI of 1973)

India

Foreign Exchange Regulation Act, 1973 (Act XLVI of 1973)

by India

  • 311 Want to read
  • 40 Currently reading

Published by Kamal Law House in Calcutta .
Written in English

    Places:
  • India.
    • Subjects:
    • Foreign exchange -- Law and legislation -- India

    • Edition Notes

      Cover title: Roy"s Foreign Exchange Regulation Act, 1973.

      Other titlesRoy"s Foreign Exchange Regulation Act, 1973.
      Statementby S.R. Roy.
      ContributionsRoy, S. R.
      Classifications
      LC ClassificationsLAW
      The Physical Object
      Pagination2 v. :
      ID Numbers
      Open LibraryOL2695862M
      LC Control Number85905154

      The Government of India formulated FEMA or Foreign Exchange Management Act to encourage the external payments and across the border trades in India. It was formulated in the year while it replaced FERA (Foreign Exchange Regulation Act). This was meant to close all the loopholes and drawback of FERA and hence major economic reforms were introduced under . Subsequently, Foreign Exchange Regulation Act, was replaced by the Foreign Exchange Regulation Act, (FERA, ),which came into force with effect from January 1, FERA, came into force, for regulating certain payments, dealings in foreign exchange and securities, transactions indirectly affecting foreign exchange and the.

        The historical context of controlling foreign funding clearly shows that the basis for introducing, both, the (now repealed) Foreign Exchange Regulation Act, and the FCRA, was to address the threat of control of the Indian economy and polity by foreign powers.   A. Foreign Exchange Regulation Act, B. Conservation of foreign Exchange and Prevention of Smuggling Act. C. Foreign Exchange Management Act, D. Exchange Control Manual ANSWER: C 7. Full fledged money changers are authorized to undertake A. only sale transactions B. only purchase transactions C. all types of foreign exchange transactions.

      The Foreign Exchange Regulation Act, Objectives; Restrictive Provisions; Provisions Relating to Enforcement, Penalty and Prosecution; Draconian Nature, Content and Reach; The Foreign Exchange Management Act, Objectives; Administration; Provisions; Contravention and Penalties; Investigation; Functions of the Directorate of Enforcement. Adjudicate Show Cause Notices issued under the repealed Foreign Exchange Regulation Act, (FERA) upto for the alleged contraventions of the Act which may result in imposition of : Raja Raja Cholan.


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Foreign Exchange Regulation Act, 1973 (Act XLVI of 1973) by India Download PDF EPUB FB2

This Act may be called the Foreign Exchange Regulation Act, (2) It extends to the whole of India. (3) It applies also to all citizens of India outside India and to branches and agencies outside India of companies or bodies corporate, registered or incorporated in India.

The Foreign Exchange Regulation Act (FERA) was legislation passed in India in that imposed strict regulations on certain kinds of payments, the dealings in foreign exchange (forex)and securities and the transactions which had an indirect impact on the foreign exchange and the import and export of currency.

The bill was formulated with the aim of regulating Citation: Act No. 42 of   Foreign Exchange Regulation Act (FERA) was introduced at a time when foreign exchange (Forex) reserves of the country were low. FERA proceeded on 1973 book that all foreign exchange earned by Indian residents rightfully belonged to the Government of India and had to be collected and surrendered to the Reserve Bank of India (RBI).

FERA (Foreign Exchange Regulation Act) legislation was passed in It came into effect on January 1, FERA was passed to regulate the financial transactions concerning foreign exchange and securities.

Foreign Exchange Regulation Act 1. By BG B-5 Batch. Foreign Exchange Regulation Act 2. Introduction The Foreign Exchange Regulation Act (FERA): It was a legislation passed by the Indian Parliament in and came into force with effect from January 1, FERA emphasized strict exchange control over everything that was specified, relating to.

Get this from a library. Report on reform of the Foreign Exchange Regulation Act of and the case for enacting a new External Economic Relations Act. [Associated Chambers of Commerce & Industry of India.; India. Ministry of Finance.]. Section 19 in The Foreign Exchange Regulation Act, enter in any such register or book, bond or debenture of a company registered in India made by a person resident outside India or by a national of a foreign State to another person resident in India shall be valid unless such transfer is confirmed by the Reserve Bank on an.

Foreign Exchange Management Act, [As amended by the Foreign Exchange Regulation (Amendment) Act, ] (46 of ) An Act to consolidate and amend the law regulating certain payments, dealings in foreign exchange and securities, transactions indirectly affecting foreign exchange and the import and export of currency, for the conservation of the foreign exchange.

Later on 23 March this rule became in the State Book as Foreign Exchange Regulation Act Later this act modified with certain amendments in and become effective from Further relaxation of this affect was effected since Foreign Exchange Regulation Act was introduced in This was later replaced with ‘the Foreign Exchange Regulation Act, ’ (FERA), which came into effect on 1st Jan., Government initiated the process of liberalisation of Indian economy in Foreign Investment in various sectors was permitted.

This increased flow of foreign. On 1st June,Foreign Exchange Management Act (FEMA), was adopted and effected by the Government in place of Foreign Exchange Regulation Act (FERA).

The FERA which was enacted in in the backdrop of acute shortage of foreign exchange in the country, was reviewed in Get this from a library. F.E.R.A. on corporate sector: with rules, notifications, circulars, forms, etc. including special chapter on non-resident Indians. Foreign Exchange Regulation Act, ; Prevention of Money Laundering Act, [As Amended by The Prevention of Money Laundering (Amendment) Act,] The Conservation of Foreign Exchange Prevention of Smuggling Activities Act, (COFEPOSA).

The Central Council of Homoeopathy Act(Act 59), also called the Homoeopathy Central Council Act,is an Act of the Parliament of India to primarily structure the role of the Central Council of Homoeopathy and to enable the regularization of the maintenance of a central register of issues and entities related to the field of homoeopathy.

It included five chapters when it was Enacted by: Parliament of India. "AND WHEREAS by section 39 of the Banking Actit is provided that, where the Governor-General is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth, or in order to conserve, in the national interest, the foreign exchange resources of the Commonwealth, he may make.

Measures Initiated to Develop the Foreign Exchange Market in IndiaInstitutional Framework Foreign Exchange Regulation Act(FERA), was replaced by the marketfriendly Foreign Exchange Management Act(FEMA), Money and Securities Markets set up by theReserve Bank in was expanded in to include foreign exchange markets Open Library is an open, editable library catalog, building towards a web page for every book ever published.

The Foreign Exchange Regulation Act, (Act 46 of ) India Not In Library. Publishing History This is a chart to show the when this publisher published books. Along the X axis is time, and on the y axis is the count of.

CHAPTER 18 MRTP Act, FERA, and FEMA CHAPTER OUTLINE Monopolies and Restrictive Trade Practices Act (MRTP), Foreign Exchange Regulation Act (FERA), Foreign Exchange Management Act (FEMA), Case - Selection from Business Environment, 2nd Edition [Book]. Agreement was first tested because of uncontrollable currency rate fluctuations, by the gold standard was abandoned by president Richard Nixon, currencies where finally allowed to float freely.

Thereafter, the foreign exchange market quickly established itself as the financial market. Before the yearthe foreign exchange market was onlyCited by: 1. Form and Content of and Requirements for Financial Statements, Securities Act ofSecurities Exchange Act ofPublic Utility Holding Company Act ofInvestment Company Act ofInvestment Advisers Act ofand Energy Policy and Conservation Act of Index of Interpretations Relating to Financial Reporting Matters.

The foreign exchange regulation ACT provides the statuary basis for exchange control which is operated by ’RBI’ through banks, travel agencies, hotels etc. Banks are issued the first category license. Hotels are issued”restricted money, charge license”.

The hotels which obtain (R.L.M) can purchase foreign exchange from the customers.The Foreign Exchange Regulation Act,provides for confiscation of securities, moneys and properties arising from such offences as the unauthorized export or import of currency and nonbanking foreign exchange : M.V.

N Rao.The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts.