With the increase in the rate of foreign exchange trades in India, it has become necessary to keep a check on the inbound and outbound flow of funds. So the government of India came up with FERA (Foreign Exchange Regulation Act) to monitor the payments, dealings and transactions involved in the trades between other countries and India. This Act was later on switched from FERA to FEMA. FEMA Compliance manages the outbound payments, has the power to restrict certain trades which they deem offensive, and enables the smooth working of the foreign exchange market of India. Get registered under the FEMA Compliance Act for smooth foreign exchange trades and payment now with the help of Professionals. Consult now!