9911796707
TMI BlogForeign Exchange Management (Deposit) (Amendment) Regulations, 2002X X X X Extracts X X X X X X X X Extracts X X X X ..... 1, 2002 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 09.04.2002 - G.S.R. No. 262(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) and in partial modification of Notification No.FEMA 5 /2000- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by way of renewal of existing deposit or otherwise, shall be accepted under the Non-Resident (Non-Repatriable) Rupee Account Scheme (NRNR Account) or the Non-Resident (Special) Rupee Account Scheme (NRSR Account); (ii)existing deposits under the NRNR Account Scheme may be continued only upto the date of maturity; (iii) on maturity of the existing deposit under the NRNR Account Scheme, the m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ount" means a deposit or an account held on 31 st March 2002". (b) in Schedule 4, in Paragraph 1, for the first sub-paragraph, the following sub-paragraph shall be substituted, namely:- "Any person resident outside India (except individuals/entities of Pakistan/Bangladesh nationality/ownership) may open NRNR account with an authorised dealer, provided that no such account shall be opened on a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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