FEMA 1999 - Current Account Transactions - Remittance for maintenance of close relatives abroad- Requests of Indian Nationals on deputation to India from Overseas Companies

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..... nsactions - Remittance for maintenance of close relatives abroad- Requests of Indian Nationals on deputation to India from Overseas Companies Attention of Authorised Dealers is invited to item 7 of Schedule III of Government of India Notification No.GSR.381 (E) dated May 3, 2000 as amended by the Notification No.S.O.301(E) dated March 30, 2001 in terms of which, foreign nationals (other than Pa .....

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..... citizen of India, who is on deputation to the office or branch or subsidiary or joint venture in India of such overseas company, for the maintenance of close relatives residing abroad. A copy of Government of India Notification No.GSR 397 (E) dated May 1, 2003 issued in this regard is enclosed. 3. Authorised Dealers may bring the contents of this circular to the notice of their constituents co .....

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..... rules may be called the Foreign Exchange Management (Current Account Transaction) (Second Amendment) Rules, 2003. They shall come into force from the date of their publication in the Official Gazette. In the Foreign Exchange Management (Current Account Transaction) Rules, 2000, in Schedule 1, for item 6, the following shall be substituted, namely:- "6 Payment of commission on exports und .....

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