Question 1

How many sections are in The Foreign Exchange Management Act, 1999 (FEMA)?

Accepted Answer

The The Foreign Exchange Management Act, 1999 (FEMA) contains a total of 51 sections organized across 7 chapters. The chapters are: Chapter I — PRELIMINARY — 2 sections; Chapter II — REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE — 7 sections; Chapter III — AUTHORISED PERSON — 3 sections; Chapter IV — CONTRAVENTION AND PENALTIES — 4 sections; Chapter V — ADJUDICATION AND APPEAL — 20 sections; Chapter VI — DIRECTORATE OF ENFORCEMENT — 4 sections; Chapter VII — MISCELLANEOUS — 11 sections.

Question 2

Where can I read the complete FEMA bare act online for free?

Accepted Answer

You can read the complete, updated text of The Foreign Exchange Management Act, 1999 (FEMA) with all 51 sections for free at Law on Tips (lawontips.com). Each section includes the full legislative text with chapter-wise navigation.

Question 3

What does FEMA deal with?

Accepted Answer

The Foreign Exchange Management Act, 1999 (FEMA) is an Indian legislation enacted in 1999 passed by the Parliament of India. An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments. Read the complete bare act text with section-by-section navigation at Law on Tips.

Question 4

What is the full form of FEMA?

Accepted Answer

FEMA stands for "The Foreign Exchange Management Act, 1999". It is an Indian legislation containing 51 sections across 7 chapters. You can read the complete FEMA bare act with all sections at Law on Tips.

Law on Tips(LOTS)

The Foreign Exchange Management Act, 1999

The Foreign Exchange Management Act, 1999

Table of Contents

PRELIMINARY

REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE

AUTHORISED PERSON

CONTRAVENTION AND PENALTIES

ADJUDICATION AND APPEAL

DIRECTORATE OF ENFORCEMENT

MISCELLANEOUS

The Foreign Exchange Management Act, 1999

The Foreign Exchange Management Act, 1999

Table of Contents

PRELIMINARY

REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE

AUTHORISED PERSON

CONTRAVENTION AND PENALTIES

ADJUDICATION AND APPEAL

DIRECTORATE OF ENFORCEMENT

MISCELLANEOUS