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explain the features of FEMA:
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FEATURES OF FEMA.
. It will facilitate trade rather than prevent misuse of
foreign exchange.
· Definitions of capital account transaction and current
account transaction have been introduced keeping in mind the
possibility of introduction of capital account
convertibility in the near future.
· All current account transactions shall be allowed
(subject to reasonable restrictions). Reserve Bank to
classify those capital account transactions that are to be
permitted and to regulate transfer and issue of foreign
securities by a resident in/outside India as well as setting
up of branches/offices by foreign companies in India.
· All key sections relating to dealings, holding and
payments in foreign exchange and exports have been simplified.
· Liberalization in enforcement provisions reflects that
the attitude is of putting trust in the persons covered
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hi i have a problem plz help me. my husband went to USA 4 years back, now he is rejecting now a days he is not calling me, my parents r in deep depression,am not getting what action i have to take, now i want to teach a lesion to him, when he is going to USA he take fake bank statements and fake experience letters, i have all the documents with me, as a indian wife i support in all the directions when he is going to USA, still now am waiting for him plz give me some phone numbers and email id's to give complaint
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