Solved! : Remittances into and out of India for purchase of shares

The Foreign Exchange Management Act (FEMA) by the Reserve Bank of India, is applicable to all money going into, and coming out of India since India imposes capital controls. By contrast, Singapore does not restrict capital coming in or going out and so does not have a strict FEMA equivalent. Given the capital control regime … Continue reading Solved! : Remittances into and out of India for purchase of shares