Foreign Exchange Regulation (FERA) Act

  Foreign Exchange Regulation (FERA) Act, 1947   Section – 1 : Short title, extent : Act is called as the Foreign Exchange Regulation Act, 1947. Section – 2 : Some interpretations: AD- person authorised to deal in foreign exchange. Currency – coins, notes, bank notes, money order, cheques, TC, LC, Bill of exchange, promissory notes. …

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