Ch 6 · Foreign Exchange Management Act, 1999

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5 concept points · 0 formulas · 4 exam-critical points.

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Concept

🗺️ Chart summary

FEMA Transactions
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   Current A/c (Sec 5) -- generally free; some need RBI permission
   Capital A/c (Sec 6) -- RBI regulated (FDI, ECB, ODI, real estate)
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   Compounding (Sec 15) by RBI for civil contraventions

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