Except with the general or special permission of the Reserve Bank, no person can :-
a. Deal in or transfer any foreign exchange or foreign security to any person not being an authorized person; b. Make any payment to or for the credit of any person resident outside India in any manner;
c . Receive otherwise through an authorized person, any payment by order or on behalf of any person resident outside India in any manner;
d. Where any person in, or resident in India receives any payment by order or on behalf of any person resident outside India through any other person (including an authorized person) without a corresponding inward remittance from any place outside India, then, such person shall be deemed to have received such payment otherwise than through an authorized
e. Enter into any financial transaction in India as consideration for or in association with acquisition or
creation or transfer of a right to acquire, any asset outside India by any person.
a. Deal in or transfer any foreign exchange or foreign security to any person not being an authorized person; b. Make any payment to or for the credit of any person resident outside India in any manner;
c . Receive otherwise through an authorized person, any payment by order or on behalf of any person resident outside India in any manner;
d. Where any person in, or resident in India receives any payment by order or on behalf of any person resident outside India through any other person (including an authorized person) without a corresponding inward remittance from any place outside India, then, such person shall be deemed to have received such payment otherwise than through an authorized
e. Enter into any financial transaction in India as consideration for or in association with acquisition or
creation or transfer of a right to acquire, any asset outside India by any person.
What does FERA regulates?
![What does FERA regulates?]()
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