FEMA was implemented by replacing FERA in which year?

Question

FEMA was promulgated in the year 1999, to repeal and replace the earlier act. The act came into force w.e.f 01.06.2000.The act applies to the whole country and to all the branches and agencies of the body corporate operating outside India, whose owner or controller is an Indian resident.

GKToday Admin · Accepted Answer

01.06.2000 FEMA was promulgated in the year 1999, to repeal and replace the earlier act. The act came into force w.e.f 01.06.2000.The act applies to the whole country and to all the branches and agencies of the body corporate operating outside India, whose owner or controller is an Indian resident.

Current Affairs

Daily MCQs

Monthly MCQs

Topic Wise CA MCQs

Current Affairs Articles

CA MCQs in Other Languages

GK MCQs Section

SSC/RRB/States Level MCQs