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Analysis on FEMA (Foreign Exchange Management Act, 1999) And RBI Compliances

FEMA aims at facilitating external trade, payments and for promoting the orderly development and maintenance of foreign exchange markets in India. With the liberation, The Reserve Bank of India has permitted foreign investment in almost all sectors with a few exceptions.In most of the sectors no prior approval from the government or the Reserve Bank is required for non-residents investing in India. Thus, the increasing cross border transactions needs a proper level of compliance mechanism to be ..

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