FEMA repealed which earlier Act?
AFERA, 1973
BFCRA, 1976
CCOFEPOSA, 1974
DSEBI Act, 1992
Answer & Solution
Correct answer: A. FERA, 1973
The repeal and saving section repeals the Foreign Exchange Regulation Act, 1973 and dissolves its Appellate Board.
Keep practising Foreign Exchange Management Act 1999
Browse all Foreign Exchange Management Act 1999 questions for CA Final, or explore more Law topics.
Related questions
Notifications suspending the Act's operation are laid before Parliament for a total periodFor s.42, a director in relation to a firm meansUnder s.42, he escapes liability if he proves no knowledge orUnder s.42, a person in charge of a company at the time of contravention isWho gives general directions to RBI under FEMA?Under s.37(3), enforcement officers exercise powers like those ofUnder s.37, investigation of a s.13 contravention is by officers not belowUnder s.36, the Central Government establishes the