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An authorised person under FEMA does not include
an authorised dealer
an authorised money changer
an off-shore banking unit
an exchange broker
An "Authorised Person" under FEMA, is a person who is authorised by Reserve Bank to deal in Foreign Exchange. An "Authorised Person" is also, not given a free hand to deal in foreign Exchange. He has to furnish details and information, to Reserve Bank from time to time as may be required by it.
By: honey kaundal ProfileResourcesReport error
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