ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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FERA Appearance and Reality

FERA Appearance and Reality

FERA: Appearance and Reality Sudip Chaudhuri A wide gap between the declared objectives of legislation and the actual results is nothing new in India. But what is distinctive about the Foreign Exchange Regulation Act (FERA) is that foreign companies are gaining through faithful implementation of the provisions of the Act. Violation of the Act's provisions, by taking advantage of loopholes or otherwise, has not been necessary.

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