The Foreign Exchange Management Act, 1999

This edition of The Foreign Exchange Management Act, 1999, updated up to 20-2-2025 and incorporating amendments made by the International Financial Services Centres Authority Act, 2019, provides a precise and authoritative compilation of the law governing foreign exchange transactions in India. Designed as a bare act with short comments, it presents the unaltered statutory text along with essential rules and regulations, making it an indispensable reference for legal practitioners, compliance officers, finance professionals, and students specializing in foreign exchange law and international financial operations. The book encompasses the complete framework of FEMA, including provisions on current and capital account transactions, authorized persons, contraventions, penalties, adjudication, and enforcement mechanisms. Its updated content ensures users have access to the latest regulatory mandates applicable to cross-border financial dealings, external borrowings, remittances, and foreign investment. Ideal for examination use, academic study, and professional practice, this edition delivers an accurate, current, and reliable legal resource aligned with India’s evolving foreign exchange management system.