Salient Features of Foreign Exchange Management Act,1999 (Part-3)

This post is in continuation of our previous posts here and here. C. Penalties Chapter 4- Sections 13 and 15  of the Act deal with penalties and enforcement of the orders of Adjudicating Authority as well power to compound contraventions… Continue Reading

Salient Features of Foreign Exchange Management Act,1999 (Part -2)

This post is in continuation of our previous post here. Salient Features of FEMA B. Duties and Liabilities of the authorized persons An authorized person may deal in foreign exchange or in foreign securities, as an authorized dealer, money changer… Continue Reading