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38:(FERA). While the main object of FERA was to conserve the foreign exchange resources and prevent the misuse thereof; the object of the FEMA was to promote and develop the foreign exchange management in India. Thus the FEMA seeks to 'manage' the foreign exchange whilst the FERA sought to control the same by 'regulating' it.
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Under the FEMA, the order of adjudication is to be made by the 'Adjudicating
Authority' which is subject to challenge before the Special Director (Appeals). Appeal against the order of the Special Director (Appeals), or in case where one of the Special Directors is the 'Adjudicating Authority', is
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before the "Appellate
Tribunal for Foreign Exchange". An appeal against the order of the Tribunal lies before the High Court of the respective states.
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Tribunal for violations of its
Foreign Exchange Laws. Officer are drawn from the IRS and IPS.
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Foreign
Exchange Management Act with rules & regulations under FEMA
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The same was formed under the FEMA Act which replaced the erstwhile
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190:Customs, Excise and Service Tax Appellate Tribunal
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233:West Bengal Administrative Tribunal
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210:Mahadayi Water Disputes Tribunal
195:Godavari Water Disputes Tribunal
112:. Taxmann. p. Ss 17,18,35.
200:Krishna Water Disputes Tribunal
185:Central Administrative Tribunal
36:Foreign Exchange Regulation Act
160:Quasi-judicial bodies of India
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215:National Company Law Tribunal
205:Income Tax Appellate Tribunal
63:. PHI Learning. p. 274.
263:. You can help Knowledge by
59:Cherunilam, Francis (2007).
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220:National Green Tribunal
18:Appellate Tribunal for
315:Foreign trade of India
180:Armed Forces Tribunal
108:Govt., India (2000).
23:, also known as the
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