Navigating Cross-Border Transactions: Understanding the Foreign Exchange Management Act (FEMA)
Navigating Cross-Border Transactions: In today’s globalized economy, cross-border transactions have become increasingly common. However, these transactions are subject to a complex web of regulations, particularly in India. The Foreign Exchange Management Act (FEMA) is the primary legislation governing foreign exchange transactions in India. Understanding the nuances of FEMA is crucial for businesses and individuals involved…