Foreign Exchange Management (Deposit) (Amendment) Regulations, 2009 - 193/2009-RB - Foreign Exchange Management

Foreign Exchange Management (Deposit) (Amendment) Regulations, 2009 NOTIFICATION Mumbai, the 2nd June, 2009 No. FEMA 193/2009-RB Foreign Exchange Management (Deposit) (Amendment) Regulations, 2009. G.S.R. 442(E). - 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) , the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000, ( Notification No. FEMA 5/2000-RB dated May 3, 2000 ), namely :- 1. Short Title and Commencement. - (i) These Regulations may be called the Foreign Exchange Management (Deposit) (Amendment) Regulations, 2009. (ii) They shall come into force from the date of their publication in the Official Gazette. 2. Amendment of Regulations. - In the Foreign Exchange Management (Deposit) Regulations. 2000, ( Notification No. FEMA 5/2000-RB dated May 3, 2000 ), in Regulation 4, in sub-regulation (3), for clause (a), the following shall be substituted, namely :- "(a) credits to the account shall be only by way of :- (i) proceeds of inward remittances received from outside India through normal banking channels; and (ii) transfer of funds, from the rupee account of the diplomatic mission in India, which are collected in India as visa fees and credited to such account." [F. No. 1/23/EM/2000-Vol. IV] SALIM GANGADHARAN, Chief General Manager-in-charge Footnote :- The Principal Regulations were published in the Official Gazette vide No. G.S.R. 388 (E) dated May 5, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended vide :- No. G.S.R. 262(E) dated April 9, 2002, No. G.S.R. 577(E) dated August 19, 2002, No. G.S.R. 855(E) dated December 31, 2002, No. G.S.R. 494(E) dated August 4, 2004, No. G.S.R. 221(E) dated April 7, 2005, No. G.S.R 663(E) dated November 14, 2005, No. G.S.R. 28(E) dated January 19, 2006, No. G.S..R. 495(E) dated July 23, 2007, No. G.S.R. 664(E) dated October 16, 2007, No. G.S.R. 714(E) dated November 14, 2007, No. G.S.R. 91(E) dated February 15, 2008.