WebThe FERA (Foreign Exchange Regulation Act) deals with laws which relate to foreign exchange in India. The laws were made to manage foreign investments in India. The FERA has its origin at the time of Indian Independence. In the beginning, it was a temporary arrangement to control the flow of foreign exchange. In 1957 the act was made … Web(Under Section 10(5) of the Foreign Exchange Management Act- 1999) I / We hereby declare that the transaction/s, the details of which are specifically mentioned in the schedule hereunder does not involve and is not designed for the purpose of any contravention or evasion of the provisions of the aforesaid Act or any ...
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