What is FERA
Foreign exchange Regulation act (FERA), was introduced in the year 1973. The act came into force,to regulate inflow and outflow of foreign currency.
Foreign exchange Regulation act (FERA), was introduced in the year 1973. The act came into force,to regulate inflow and outflow of foreign currency.
- It was approved by the parliament in 1973.
- Currently it is not in force.
- It had 81 sections.
- It was implemented to regulate foreign payment and to ensure optimum use of foreign currency in India.
