Foreign Exchange Management Act, 1999 talks about inclusive definition of currency. Under FEMA give three definition which are as under 1. Currency 2. Indian Currency 3. Foreign Currency CURRENCY includes all currency notes, postal notes, postal orders, money orders, cheques, Read more…


Under section 2 subsection (u) FEMA talks about inclusive definition and Person includes; (i)      Individual, (ii)     Hindu undivided family, (iii)    Company, (iv)    Firm, (v)    Association of persons (Vi)   Body of individuals, (vii)  Every artificial juridical person (viii)  Any Agency, office Read more…

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