Section 6 of FEMA : Section 6: Capital Account Transactions

Explanation using Example

Imagine that Raj, an Indian citizen, has recently moved to Germany for work. He wishes to purchase a property in Berlin. Under Section 6(1) of the Foreign Exchange Management Act (FEMA), 1999, Raj can approach an authorized dealer (a bank authorized by the Reserve Bank of India) to buy the necessary foreign exchange to complete this transaction.

However, the Reserve Bank of India (RBI), as per Section 6(2), may have specified certain limits or conditions for such capital ...

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