Foreign Exchange Management Act (FEMA), 1999 – Current Account Transactions – Liberalisation

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..... ange Management Act (FEMA), 1999 - Current Account Transactions - Liberalisation Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Foreign Exchange Management (Current Account Transactions) Rules, 2000 notified vide Notification No. G.S.R.381(E) dated 3rd May 2000, as amended from time to time. 2. In terms of Rule 5 of the Foreign Exchange Management (Current Accou .....

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..... has been issued vide Notification G.S.R. 412(E) dated July 10, 2006 by the Government of India. (copy enclosed). 4. AD Category-I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 5. The directions contained in this Circular have been issued under Section 10 (4) and 11 (1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and i .....

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