Question
The FEMA act replaced the erstwhile FERA Act. In which
year was FEMA Act passed?Solution
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.
Which section empowers the Special Judge to try PC Act offences?Â
In Section 2(10) of the Bharatiya Nyaya Sanhita, 2023, the definition of gender now encompasses ________________.
Under the provisions related to reinsurance with Indian re-insurers, which of the following statements is most accurate?
As laid down under the Exim Bank Act the Central Government may advance to the Exim Bank a loan of _______________ at a rate of interest of five and a q...
Under which section does the ED have the power of provisional attachment of property?Â
A is tried for the murder of B by beating him with a club with the intention of causing his death. At A's trial which of the fact is not in issue.
As per the definition of Prospectus under the Companies Act a prospectus means and includes___________
Freedom to manage religious affairs includes:
In the case of Taylor v. Caldwell relates to__________
What constitutes defamation under the Bharatiya Nyaya Sanhita?
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