Lecture 01 CA Inter Law FEMA | For May & Nov.24 Exam | ICAI New Syllabus

Описание к видео Lecture 01 CA Inter Law FEMA | For May & Nov.24 Exam | ICAI New Syllabus

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In this chapter you will learn about:
✅ Introduction Of FEMA
✅ Need Of The Act
✅ Salient Feature Of This Act
✅ Enforcement Of FEMA
✅ How to read FEMA
✅ Broad structure of FEMA
✅ PREAMBLE, EXTENT, APPLICATION AND COMMENCEMENT OF FEMA, 1999
✅ Definition (Section 2)
✅ Residential status under FEMA, 1999
✅ Regulation and management of Foreign exchange
1. Dealing in foreign exchange, etc. [Section 3]
2. Holding of Foreign exchange (Section 5)
3. Current Account Transaction (Section 5)
- Schedule 1
- Schedule 2
- Schedule 3
✅ Answer to descriptive question in FEMA, 1999
✅ Approval to the following transactions under FEMA, 1999:
✅ Remittance of Foreign Exchange (Section 5 of the Foreign Exchange Management Act, 1999)
✅ Gain knowledge about the concept of Residential Status under the Foreign Exchange Management Act, 1999
✅ Identify the meaning of Current and Capital Account Transactions and the Rules and Regulations governing them


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