BRBL: Concepts and Practice · Part B: Important Acts and Laws I

Chapter 8: Foreign exchange

The FEMA framework: residents, current and capital account, authorised persons, and penalties.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 8.1From FERA to FEMAp. 101
• 8.2Current and capital accountp. 102
• 8.3Authorised personsp. 103
• 8.4Residents, NRIs and their accountsp. 104
• 8.5Contraventions, penalties and appealsp. 105
• Exam traps and quick checksp. 106
• Practice: 16 questions in three roundsp. 107
• Answers, with every wrong option explainedp. 109
• Make it stickp. 111
• Chapter 8 on one pagep. 112

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.