Case study and notes on FEMA Act 1999

Case study and notes on FEMA Act 1999 Question 1Explain the meaning of the term “Current Account Transaction” and the right of a citizen toobtain Foreign Exchange under the Foreign Exchange Management Act, 1999.  (May, 2001)AnswerThe term “current account transaction” is defined in Section 2(j) of Foreign Exchange Management Act, 1999. It means a transaction other than a capital account… Read moreCase study and notes on FEMA Act 1999