FEMA aims at facilitating external trade, payments and for promoting the orderly development and maintenance of foreign exchange markets in India.
source https://www.caclubindia.com/articles/fema-foreign-exchange-management-act-1999-and-rbi-compliances-45784.asp
source https://www.caclubindia.com/articles/fema-foreign-exchange-management-act-1999-and-rbi-compliances-45784.asp
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