Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2000

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..... Department) Central Office Mumbai 400 001 Notification No. FEMA 27 /2000-RB dated 14 th August, 2000 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 25.08.2000 - G.S.R. No. 675(E) In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign .....

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..... Regulation 9, in sub-regulation (1), the following proviso shall be inserted, namely:- 'Provided that the EEFC Account referred to in Regulation 4, shall not be opened, held and maintained in the form of a term deposit account'. b. in the Schedule, in paragraph (1), for the words 'up to 70 per cent' and 'up to 50 per cent', the words 'up to 35 per cent' and 'up to 25 per cent', shall be subs .....

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