Foreign Company Establishments, branches etc.
Globalization has turned the economy of whole countries in a single economy. Gone are the days where business is only restricted to home countries only. Every organization is making its presence in almost every economy where it wants.
In case of India, Government is also trying to attract investors to boost the economy. It has enacted provisions for such foreign companies in various acts. Companies Act, 2013 has also widened the definition of foreign company. In addition to Companies Act provision of FEMA are also applicable to such entities. These enactments contain rules and regulation which should be complied by a foreign company.
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- Question 1 of 10
1. Question1 points
Which of the following section sof FEMA deal with Authorised personsCorrectIncorrect
- Question 2 of 10
2. Question1 points
Which of the following authority appoint the authorised personsCorrectIncorrect
- Question 3 of 10
3. Question1 points
Who are appointed as authorised personsCorrectIncorrect
- Question 4 of 10
4. Question1 points
RBI issues directions to authorised persons under the embit of which sectionCorrectIncorrect
- Question 5 of 10
5. Question1 points
In case of any contravention of directions issued by the RBI, authorised persons will be liable toCorrectIncorrect
- Question 6 of 10
6. Question1 points
An authorised dealer isCorrectIncorrect
- Question 7 of 10
7. Question1 points
RBI can initiate inspection as in the cases it may deem fitCorrectIncorrect
- Question 8 of 10
8. Question1 points
Authorised person includesCorrectIncorrect
- Question 9 of 10
9. Question1 points
RBI can revoke the authorisation grantedCorrectIncorrect
- Question 10 of 10
10. Question1 points
If any person other than authorised person doesnâ€™t use the forex as per stated and even donâ€™t surrender the forex as such used, thenCorrectIncorrect