Foreign Exchange Management (Deposit) (Amendment) Regulations, 2004

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..... y 2004 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 its Notification No.FEMA 5/2000-RB dated 3 rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000, as amen .....

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..... posits which had been accepted on repatriation basis from a non-resident Indian subject to terms and conditions mentioned in Schedule 6. 3) A company registered under Companies Act, 1956 or a body corporate, a proprietary concern or a firm in India may accept deposits from a non-resident Indian on non-repatriation basis, subject to the terms and conditions mentioned in Schedule 7.' (ii) in Sched .....

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