The FEMA act replaced the erstwhile FERA Act. In which year was FEMA Act passed?
Foreign Exchange Regulation Act was first introduced in 1947. This was later replaced by The Foreign Exchange Regulation Act (FERA),1973. FERA imposed stringent regulations on foreign exchange transactions. Its main objective was to conserve foreign exchange which was scarce during that period to prevent its misuse. In the light of economic liberalization and improving foreign reserves position, there was a demand for modification of FERA. Accordingly, a new act, Foreign Exchange Management Act (FEMA) 1999 replaced FERA. The Act comprises of 49 sections divided into 7 chapters.
Where there is an unconditional contract for the sale of specific goods in a deliverable state, the property in the goods passes to the buyer
Match the correct option
What does the term "acquiring company" refer to in the context of the General Insurance Business (Nationalisation) Act?
Which is the appellate tribunal for hearing the appeals from the orders of the National Company Law Tribunal?
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What will be the effect in the case of an alternative promise, where one branch is legal and the other illegal?
The conciliator may, at any stage of the conciliation proceedings, make proposals for a settlement of the dispute. Such proposals ____
A sues B for land of which B is in possession, and which, as A asserts, was left to A by the will of C, B’s father. If no evidence were given on eithe...
Persona Non grata means___________________
Under the Companies Act Appellate Tribunal means the__________________
What is the composition of the Taluk Legal Services Committee under the Legal Services Authority Act?
