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FEMA ACT: Law For International Commerce & Payments - Getlegal India

Source: https://getlegalindia.com/fema-act/

The Indian Parliament passed the Foreign Exchange Management Act (FEMA) in 1999 with the goal of "consolidating and amending the law relating to foreign exchange to facilitate external country trade and payments and promote the orderly development and maintenance of the foreign exchange market in India."

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