WebJul 27, 2024 · 3- The directorate can adjudicate Show Cause Notices issued under the repealed FERA 1973 up to May 31, 2002, for the alleged contraventions of the Act that may result in the imposition of ... WebPenalty u/s FERA Act - Demand fastened upon the petitioner in terms of Sections 70(1)(i) & 70(1)(ii) of the Foreign Exchange and Regulation Act, 1973 - HELD THAT:- A …
What is the aim of the FEMA (Foreign Exchange Management Act)?
WebThe act seeks to regulate foreign exchange transactions, currency transactions, and foreign payments in order to promote orderly development and maintenance of the foreign exchange market in India. Objective The objective … WebNov 25, 2024 · While FERA is an Act of the Parliament introduced in the year 1973, with an intent to manage and conserve India’s foreign reserves, the Foreign Exchange … half order reaction
FERA and FEMA - Unacademy
WebJan 29, 2024 · The countdown to Coca-Cola's impending exit started in January 1974 when the Indira Gandhi government had introduced the Foreign Exchange Regulation Act (FERA). The law had been created to... WebThe Foreign Exchange Regulation Act, 1947 ( ACT NO. VII OF 1947 ) [ 11th March, 1947 ] An Act to regulate certain payments, dealings in foreign exchange and securities and the import and export of currency and bullion. 1 ♣ WebSep 1, 2013 · 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 1973 and came into force with effect from January 1, 1974. FERA emphasized strict exchange control over everything that was … half order reaction k units