What is a Mortgage?

The word “Mortgage” is something that we have come across as children or young adults, rather frequently. However, what really are these mortgages that people and financial institutions such as banks seem to be oh-so-fond of? What allows it’s recognition and where is it legally enshrined? To have a better understanding of this, let’s have … More What is a Mortgage?

Foreign Exchange Management Act, 1999: An Overview

The Foreign exchange Management Act, 1999 (hereinafter referred to as “FEMA” or “the Act”) is an Act meant to govern the laws pertaining to foreign exchange so as to manage and functionally facilitate external trade and payments as regards the foreign exchange market in India. This Act, supra, replaced the Foreign Exchange Regulation Act, 1973 … More Foreign Exchange Management Act, 1999: An Overview