Yogesh, a person resident in India, is desirous of taking a life insurance policy from a foreign insurance company, the yearly premium of which is US $ 25,000. Mention the provisions of the Foreign Exchange Management Ac
CS Executive · Economic and Commercial Laws · PYQS · June 2014
Yogesh, a person resident in India, is desirous of taking a life insurance policy from a foreign insurance company, the yearly premium of which is US $ 25,000. Mention the provisions of the Foreign Exchange Management Act, 1999 and the FEMA Regulations in support of your answer.
Topics: Foreign Exchange Management Act, 1999
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