FERA, 1973 came into force on which date?
A1 April 1973
B1 January 1974
C1 January 1970
D15 August 1973
Answer & Solution
Correct answer: B. 1 January 1974
Although passed in 1973, FERA took effect from the first day of 1974.
Keep practising Foreign Exchange Management Act 1999
Browse all Foreign Exchange Management Act 1999 questions for CA Inter, or explore more Law topics.
Related questions
Who may regulate a non-resident's setting up of a branch office in India?FEMA borrows the meaning of chartered accountant from:Contraventions under FEMA are treated as:Under FERA, an accused was presumed:FEMA aims at promoting orderly development and maintenance of the:A company receiving FDI files which annual FEMA return?Which of these falls within the meaning of currency in FEMA?Under FEMA, import means bringing into India: