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FEMA Licensing for Foreign Exchange

The Foreign Exchange Management Act (FEMA), enacted on December 29, 1999, is the backbone of India’s foreign currency regulation. Replacing the outdated Foreign Exchange Regulation Act (FERA), FEMA was designed to modernise India’s approach to external trade and payments, aligning it with the country’s liberalised economy and global trade practices. A FEMA licence is mandatory […]

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T+0 Settlement

India’s equity markets are entering a new era with the launch of T+0 settlement, a system where trades are settled on the same day they are executed. This landmark change promises to make the market faster, more liquid, and more efficient. The country’s stock market journey dates back to the 19th century, with the Bombay

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