Foreign Exchange Management (Deposit)(Amendment) Regulations, 2004 - ಆರ್ಬಿಐ - Reserve Bank of India
Foreign Exchange Management (Deposit)(Amendment) Regulations, 2004
Reserve Bank of India Notification No.FEMA.121/2004-RB dated 10 July 2004 Foreign Exchange Management (Deposit) (Amendment) Regulations, 2004 In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA 5/2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000, as amended from time to time, namely:- Short Title & Commencement :- 1. (i) These Regulations may be called the Foreign Exchange Management (Deposit)(Amendment) Regulations, 2004. (ii) They shall come into force from the 24th day of April, 2004. Amendment of the Regulations :- 2. In the Foreign Exchange Management (Deposit) Regulations, 2000, (i) in Regulation 7, for sub-regulations (1) and (2), the following shall be substituted ::- ' 1) A company registered under Companies Act, 1956 or a body corporate created under an Act of Parliament or State Legislature shall not accept deposits on repatriation basis from a non-resident Indian. (ii) in Schedule 7, Clause (v) shall be substituted as under :-
Shyamala Gopinath Foot Note : The Principal Regulations were published in the Official Gazette vide G.S.R.No. 388(E) dated May 5, 2000 in Part II, Section 3, sub-section (1) and subsequently amended as under :-………………. GSR No. 262(E) dated 9/4/2002
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