|Definition||:||Foreign Exchange Regulation Act|
|Category||:||Governmental » Rules & Regulations|
What does FERA mean?
Foreign Exchange Regulation Act (FERA) was legislation passed by the Indian Parliament in 1973 by the government of Indira Gandhi and came into force with effect from January 1, 1974. FERA imposed stringent regulations on certain kinds of payments, the dealings in foreign exchange and securities and the transactions which had an indirect impact on the foreign exchange and the import and export of currency.
FERA is now replaced by Foreign Exchange Management Act (FEMA).
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||FERA||Federal Emergency Relief Administration|
||FERA||Food and Environment Research Agency|
Frequently Asked Questions (FAQ)
What is the full form of FERA in Governmental (India)?
The full form of FERA is Foreign Exchange Regulation Act