Foreign Exchange Management Act, 1999 – EEFC/RFC(D) Account - Clarification

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..... Madam/Sirs, Foreign Exchange Management Act, 1999 - EEFC/RFC(D) Account - Clarification Attention of Authorised Dealers is invited to Regulations 4 and 5A of Notification No.FEMA 10/2000-RB dated May 3, 2000, as amended from time to time, in terms of which a person resident in India may hold, open and maintain with an Authorised Dealer in India, Exchange Earner's Foreign Currency (EEFC) A .....

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..... dent. 3. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned. 4. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Yours faithfully, Grace Koshie Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Of .....

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