The Foreign Exchange Management Act (FEMA) of 1999 replaced the Foreign Exchange Regulation Act of 1973 and introduced a more liberal and simplified framework for managing foreign exchange in India. FEMA aims to facilitate external trade and payments and promote an orderly foreign exchange market. It consolidates and amends previous laws while being more positive and focusing on management rather than control. Major provisions of FEMA include giving RBI control over capital account transactions, regulating realisation of export proceeds, and specifying that only authorized persons can deal in foreign exchange. It also establishes the Enforcement Directorate to investigate violations of FEMA.
The FEMA (1999) or in short FEMA has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA)
FEMA came into act on the 1st day of June,2000
49 sections in the Act.
The FEMA (1999) or in short FEMA has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA)
FEMA came into act on the 1st day of June,2000
49 sections in the Act.
This presentation is on Security Exchange Board (SEBI) which gives the brief about the SEBI with its objective, function, details about the chairman, rules
A PRESENTATION ON COMPETITION ACT, 2002 WITH RECENT AMENDEMENTS. PRESENTED BY MADHUSUDAN NARAYA, STUDENT OF MBA AT NATIONAL INSTITUTE OF TECHNOLOGY, DUGAPUR, WEST BENGAL.
THIS TOPIC IS NECESSARY FOR MARKETING PEOPLE AND THE SLIDE CONTAINS THE CASES ALSO !!
This presentation is on Security Exchange Board (SEBI) which gives the brief about the SEBI with its objective, function, details about the chairman, rules
A PRESENTATION ON COMPETITION ACT, 2002 WITH RECENT AMENDEMENTS. PRESENTED BY MADHUSUDAN NARAYA, STUDENT OF MBA AT NATIONAL INSTITUTE OF TECHNOLOGY, DUGAPUR, WEST BENGAL.
THIS TOPIC IS NECESSARY FOR MARKETING PEOPLE AND THE SLIDE CONTAINS THE CASES ALSO !!
Meaning of the Term “Foreign Exchange”, Exchange Market, Statutory basis of Foreign Exchange, Evolution of Exchange Control, Outline of Exchange Rate and Types, Import Export
India’s Forex Scenario: BOP crisis of 1990, LOERMS, Convertibility.
Introduction to International Monetary Developments: Gold standard, Bretton Woods’s system, Fixed Flexible Exchange Rate Systems, Euro market.
Meaning of the Term “Foreign Exchange”, Exchange Market, Statutory basis of Foreign Exchange, Evolution of Exchange Control, Outline of Exchange Rate and Types, Import Export
India’s Forex Scenario: BOP crisis of 1990, LOERMS, Convertibility.
Introduction to International Monetary Developments: Gold standard, Bretton Woods’s system, Fixed Flexible Exchange Rate Systems, Euro market.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
2. Introduction :
• Foreign Exchange control was first introduced in September,
1939 under Defence of India Rules. Foreign Exchange
Regulation Act was first introduced in 1947. This was later
replaced with ‘The Foreign Exchange Regulation Act (FERA),
1973. FERA was very strict and even has a provision for
imprisonment. FERA was not suitable in the new and liberal
economy, thus it was replaced by Foreign Exchange
Management Act (FEMA) 1999, which came into effect from
1st June 2000. RBI plays a key role in the management of
foreign exchange.
3. Meaning:
FEMA stands for Foreign Exchange Management Act.
It is a soft, liberal & simplified law that aims at boosting
foreign trade and investment more in tune with Country’s
new economic environment of globalization of Indian
economy.
4. FEMA (1999)
• Statutory Basis for Exchange Control.
• The Foreign Exchange Regulation Act, 1973 (FERA 1973), as
amended by the Foreign Exchange Management
(Amendment) Act, 1999. from the statutory basis for Exchange
Control in India.
• FEMA has been introduced as a replacement of FERA.
• FEMA facilitating external trade & payments.
• Consolidate & amend the law relating to foreign exchange.
• Promoting the orderly development & maintenance of foreign
exchange market in India.
• 49 Section in the Act.
5. Objective of the Act:
• The main objectives of FEMA is to utilize foreign exchange
resource of the country effectively.
• It is facilitates external trade, payment, orderly development
& maintenance of foreign exchange in India.
• It Is applicable to all parts of India.
• It is also applicable to all branches, offices & agencies outside
India owned or controlled by a person who is a resident of
India.
• It’s head office is known as Enforcement Directorate is
situated in New Delhi & headed by a Director.
• It is very important to an foreign trade & to maintain a good
relation with other countries.
6. FEMA Act : (applicable to)
The FEMA, is applicable:
• To the whole of India.
• Any Branch, office & agency, which is situated outside India,
but is owned or controlled by a person resident in India.
Broadly speaking FEMA, covers three different types of
categories are:
a) Person.
b) Person Resident in India.
c) Person Resident outside India.
Export:
• Goods & services from India to outside.
7. FEMA Act : (applicable to)
Foreign Currency:
• Other than Indian Currency.
Foreign Exchange:
• Means foreign currency.
Foreign Security:
• Security expressed in foreign currency.
Import:
• Goods & services from outside to India.
Security:
• Share, Stock etc. as defined in the Public Debt Act of 1994.
Service:
• Banking, Financing, Insurance etc..
8. FEMA Act : (applicable to)
Transfer:
• sale, Purchase, Exchange etc..
Non-Resident Indian (NRI):
• Citizen of India residing outside.
Overseas Corporate Body (OCB):
• A company, firm, etc… Owned at least 60% by NRIs.
10. Major Provisions of FEMA (1999)
• Free transactions on current account subject to reasonable
restrictions that may be imposed.
• RBI controls over capital account transactions.
• Control over realisation of export proceeds.
• Dealing in foreign exchange through authorised persons like
authorised dealer/money changer etc..
• Appeal provision including special Director (Appeals).
• Directorate of enforcement.
• Any person may sell or draw foreign exchange, without prior
permission & can later on inform RBI. This makes it a more
positive feature.
11. Major Provisions of FEMA (1999)
• Under this act ENFORCEMENT DIRECTORATE will be more
investigative in nature.
• FEMA recognized the possibility of even the Capital Account
convertibility i.e. it classifies foreign exchange transaction &
current account transactions.
• The violation of FEMA is a civil offence.
• FEMA is more concerned with the management instead FERA
(Foreign Exchange Regulation Act) was more concerned about
exchange regulation or control.
• FEMA is a regulatory mechanism that enables the RBI and
Central Government to pass regulations and rules relating to
foreign exchange in tune with the Foreign Trade Policy of
India.
12. Conclusion:
• FEMA permits only authorised person to deal in foreign
exchange or foreign security.
i.e. : Authorised dealers, Money changer, off-Shore
Banking units , or any other person authorised by RBI.
• Thus FEMA prohibits any person who deal in or transfer
any foreign exchange or foreign security to any person
not being an authorized person.
• FEMA strongly enforces foreign exchange laws
effectively.