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Information Technology Act, 2000
When did FEMA 1999 come into force?
June 2000
Who is an 'authorised person' under FEMA?
Bank or person authorised by RBI to deal in foreign exchange or securities
Does FEMA currency definition include credit cards?
Yes, includes credit cards and instruments notified by RBI
Define capital account transaction under FEMA.
Transaction causing change in assets/liabilities of Indian residents outside India or vice versa
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