What are the functions of RBI under FEMA?
- Blog|FEMA & Banking|
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- By Taxmann
- Last Updated on 25 June, 2021
- Transfer or issue of foreign security to resident and Indian security to non-resident;
- Borrowing and lending in foreign exchange or to a foreign person;
- Export/import of currency or currency notes;
- Transfer of immovable property outside India;
- Giving guarantee or surety where foreign exchange transaction is involved – Section 6(3)
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