From: Hindustan Times
Recommended by: Hindustan times
The finance ministry moved on Tuesday as many as 40 amendments to the finance bill, in an unusual step. The amendments, over and above the proposed changes in the budget 2017, aim
We often wish that we could hold accounts in the currency of our choosing. The good news is we are getting there. India in now convertible on current account, while we are partially convertible on capital account. More in later posts on current
Documentation for remittance in case of individuals:
The Reserve Bank does not, generally, prescribe the documents that should be submitted to Authorised Dealers while releasing foreign exchange.
Any person wanting to transact in
As an individual can you invest in companies overseas?
The LRS (Liberalised remittance scheme) prohibits remittance by a resident individual for setting up a company abroad.
What is allowed is.
Resident individuals are free to acquire
Continuing my previous post, I have been asked several times as to why FEMA should to be feared. Gone are the days of FERA.
First and foremost, the law is the law and ignorance of law is no excuse. FEMA may not be punitive
India is convertible on current account. What does it mean? For day to day expenditure subject to certain restrictions on banned uses which includes but is not limited to sweep stake and lottery, call back charges, residents in India can freely
Seen any of these enticing advertisements to make money while sitting at home in Forex trading and example of which is given below:-
YOU CAN MAKE BIG MONEY BY Forex $$$!!
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Are you affected by FEMA. Yes! is the resounding answer. At any point of time we are all exposed to this ACT in some way or another. Be it purchase of Foreign currency for your travel, receipt of a gift from your friends or relatives
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