Return Under FEMA
The Foreign Exchange Management Act, 1999 (FEMA), is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”. Various compliances/returns under The Foreign Exchange Management Act, 1999 (FEMA) are required to comply with the Reserve Bank of India as prescribed under law.