The idea of state capture is generally associated with economies in transition, however it is possible to reach a different perspective that the concept may apply to various other kinds of countries which are in different stages of development.Animus Dominandi meaning lust for power or control is the supreme driving force behind the formation of…
History SEBI was officially established by Government of India in 1988 and bestowed with statutory powers in 1992 with SEBI Act 1992 passed by the Parliament.Initially, SEBI had no statutory power but was given statutory status and powers through an ordinance promulgated on January 30, 1992.In 1995, the SEBI was given additional statutory power through an amendment to the Securities and Exchange…
Post liberalisation foreign investment was encouraged and regulated under the Foreign Exchange Management Act. Foreign Direct Investment was seen as a tool for economic development and integration. It boosted capital formation and strengthened global ties with other countries. While FDI is not directly connected with the stock markets and focuses primarily on the optimization of…
WHAT IS FOREIGN EXCHANGE MANAGEMENT ACT (FEMA)?[i] The Foreign Exchange Management Act is an act passed and enacted by the Parliament of India to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in…
INTRODUCTION The Foreign Exchange Management Act, 1999 ( FEMA) is an act of the parliament to amend and consolidate the law relating to foreign exchange trade and payment and for promoting development of foreign exchange market in India. The Foreign Exchange Management Act (FEMA) was an act passed in the winter session of Parliament in…
IntroductionThe taking or sending out of products by land, sea, or air, on consignment or by way of sale, lease, hire-purchase, or any other agreement, is referred to as “export.” When it comes to software, “export” also refers to transmission across any electronic medium. “All export contracts and invoices must be in freely convertible currency…
The meaning of import is an activity of purchasing and entering goods / services or commodities from abroad into the country legally through the trade process. Another opinion says the meaning of import is an international trade activity by entering goods into the Indonesian customs territory carried out by companies or individuals engaged in export-import…
TOPIC: What is a cheque, promissory note, and bill of exchange A brief history The NI Act is not a newly drafter post-colonial act. It dates back to the colonial rule and has remained largely unchanged. It was first drafted in 1866 by the 3rd Indian law commission however, due to constant objections by select…
Negotiable Instruments Act, 1881 The Negotiable Instrument Act was drafted in 1866 and came in force in 1881. It is originally a colonial law which is still widely practiced in India. According to Section 13 of the Negotiable Instrument Act, “Negotiable instrument means a promissory note, bill of exchange or cheque payable either to order…
A special economic zone (SEZ) is a region in a country that is dependent upon unexpected financial guidelines in comparison to different locales inside a similar country. The SEZ monetary guidelines will more often than not be helpful to and attract foreign direct speculation (FDI). FDI alludes to any speculation made by a firm or…
