Section 3 of FEMA – Section 3: Dealing In Foreign Exchange, Etc |

The Foreign Exchange Management Act, 1999

CHAPTER II: REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE

Section 3: Dealing In Foreign Exchange, Etc

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Explanation using examples

Here's an example illustrating the application of Section 3 of The Foreign Exchange Management Act, 1999:

Imagine a situation where Mr. Arjun, an Indian resident, wants to buy shares in a