Important word related to FEMA

Class - BBA ll nd yr.

Subject - Business Law

Subject type - Minor ll

By AP N Jaiswal

Key words for the Foreign Exchange Management Act (FEMA) include RBI, Authorised Person, Current Account, Capital Account, FDI/ODI, and Enforcement Directorate (ED), focusing on regulating cross-border financial flows, promoting trade, and facilitating the foreign exchange market in India

·  RBI (Reserve Bank of India):

·  Authorised Person

·  Foreign Exchange/Security

·  Current Account Transaction

·  Capital Account Transaction

·  FDI (Foreign Direct Investment) & ODI (Overseas Direct Investment)