Defined under Section 2(v) of FEMA as a person who resided in India for more than 182 days in the preceding financial year, except those who have gone abroad for employment, business, or vocation outside India.
Last updated: 17 May 2026
Defined under Section 2(v) of FEMA as a person who resided in India for more than 182 days in the preceding financial year, except those who have gone abroad for employment, business, or vocation outside India.
Person Resident in India is significant under FEMA because it refers to: Defined under Section 2(v) of FEMA as a person who resided in India for more than 182 days in the preceding financial year, except those who have gone abroad for employment, business, or vocation outside India.
Person Resident in India under FEMA applies to companies, professionals, and individuals involved in FEMA-related compliance and regulatory matters in India. Specifically: Defined under Section 2(v) of FEMA as a person who resided in India for more than 182 days in the preceding financial year, except those who have gone...