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FEMA meaning

B2B
Toys and Games
From India
To Spain
236 views / 0 experts
Dec 28, 2020

What is FEMA?

1 answer

Leon L.
Dec 28, 2020

Foreign Exchange Management Act or in short (FEMA) is an act that provides guidelines for the free flow of foreign exchange in India. It has brought a new management regime of foreign exchange consistent with the emerging frame work of the World Trade Organisation (WTO). Foreign Exchange Management Act was earlier known as FERA (Foreign Exchange Regulation Act), which has been found to be unsuccessful with the proliberalisation policies of the Government of India.

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