About: Foreign Exchange Management Act

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The Foreign Exchange Management Act, 1999 (FEMA), is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". It was passed on 29 December 1999 in parliament, replacing the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign exchange civil offenses. It extends to the whole of India, replacing FERA, which had become incompatible with the pro-liberalization policies of the Government of India. It enabled a new foreign exchange management regime consistent with the emerging framework of the World Trade Organization (WTO). It also paved the way for the introduction of

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  • The Foreign Exchange Management Act, 1999 (FEMA), is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". It was passed on 29 December 1999 in parliament, replacing the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign exchange civil offenses. It extends to the whole of India, replacing FERA, which had become incompatible with the pro-liberalization policies of the Government of India. It enabled a new foreign exchange management regime consistent with the emerging framework of the World Trade Organization (WTO). It also paved the way for the introduction of the Prevention of Money Laundering Act, 2002, which came into effect from 1 July 2005. (en)
  • Le Foreign Exchange Management Act (FEMA) est une loi indienne promulguée durant la session parlementaire de l'hiver 1999, qui a abrogé le 1er juin 2000 le (FERA) de 1973. Le FERA, promulguée durant une période de faibles importations, avait instauré durant 27 ans une surveillance étroite des entrepreneurs indiens et étrangers par le Directorate General of Economic Enforcement, un organe du Ministère des finances indien. Les entrepreneurs risquaient des poursuites pénales passible de l'emprisonnement: la FEMA dépénalise les délits en matière de change. * Portail de la finance * Portail de l’Inde (fr)
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  • Foreign Exchange Management Act (en)
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  • 80 (xsd:integer)
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  • An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating the external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. (en)
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  • 0001-12-29 (xsd:gMonthDay)
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  • Foreign Exchange Management Act, 2000 (en)
  • Foreign Exchange Regulation Act (en)
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  • Repealed (en)
  • currently it is not in force (en)
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  • The Foreign Exchange Management Act, 1999 (FEMA), is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". It was passed on 29 December 1999 in parliament, replacing the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign exchange civil offenses. It extends to the whole of India, replacing FERA, which had become incompatible with the pro-liberalization policies of the Government of India. It enabled a new foreign exchange management regime consistent with the emerging framework of the World Trade Organization (WTO). It also paved the way for the introduction of (en)
  • Le Foreign Exchange Management Act (FEMA) est une loi indienne promulguée durant la session parlementaire de l'hiver 1999, qui a abrogé le 1er juin 2000 le (FERA) de 1973. Le FERA, promulguée durant une période de faibles importations, avait instauré durant 27 ans une surveillance étroite des entrepreneurs indiens et étrangers par le Directorate General of Economic Enforcement, un organe du Ministère des finances indien. Les entrepreneurs risquaient des poursuites pénales passible de l'emprisonnement: la FEMA dépénalise les délits en matière de change. (fr)
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  • Foreign Exchange Management Act (en)
  • Foreign Exchange Management Act (fr)
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