Receipt from, and payment to, a person resident outside India

Notification Marquee

RbiAnnouncementWeb

Asset Publisher

Back

Published on February 27, 2001

LISTEN

PDF ( 9024 )

Receipt from, and payment to, a person resident outside India

Receipt from, and payment to,
a person resident outside India

RESERVE BANK OF INDIA
(EXCHANGE CONTROL DEPARTMENT)
CENTRAL OFFICE
MUMBAI 400 001

Notification No. FEMA/ 39 /2001-RB

Dated February 27, 2001

Receipt from, and payment to,
a person resident outside India

In pursuance of the provisions of Section 3 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.FEMA/16/RB-2000 dated 3^rd May 2000 (hereinafter referred to as ‘the said Notification’), the Reserve Bank hereby directs that the said Notification shall with immediate effect be amended as under, namely :-

In paragraph 3, word 'non' shall be inserted before the words 'whole time director.'

( D.P. SARDA )
Executive Director

Published in the Official Gazette of Government
of India - Extraordinary - Part-II, Section 3,
Sub-Section (i) dated 28.06.2001 - G.S.R.No.483(E)