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Regulation 1 - Short title & commencement - Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015Extract RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION NO. FEMA 11(R)/2015-RB Mumbai, the 29th December, 2015 Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 G.S.R. 1006(E).- In exercise of the powers conferred by clause (a) and clause (e) of Section 9 , clause (d) and clause (g) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 11/ 2000-RB dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes the following regulations, namely :- 1. Short title commencement :- i) These regulations may be called as Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015. ii) They shall come into force from the date of their publication in the Official Gazette.
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