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Foreign Exchange Management Act (FEMA) Authorized Person An " Authorized Person" under FEMA, is a person who is authorized by Reserve Bank to deal in Foreign Exchange. For being registered as an " Authorized Person", necessary application along with relevant documents has to be furnished to Reserve Bank. An " Authorized 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.     |
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