Foreign Exchange Management (Foreign Currency Account by a Person Resident in India) (Amendment) Regulations, 2007

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..... 55(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 Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India makes the following amendments to Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations 2000 (Notification No. FEMA 10/2000-RB dated 3rd May, 2000), as a .....

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..... his shall be deemed to have come into force with effect from 30th November, 2006. (2) in regulation 7, in sub-regulation 4A the proviso, in clause (b) (a) in sub-clause (i) for the figure "2" the figure "10" shall be substituted. (b) in sub-clause (ii) for the figure "1" the figure "5" shall be substituted. This shall be deemed to have come into force with effect from 21st April, 2006. (3) .....

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..... l.IV Footnote:- (i) It is clarified that no person will be adversely affected as a result of retrospective effect being given to these Regulations. (ii) The Principal Regulations were published in the Official Gazette vide No. G.S.R. 393(E) dated May 5, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended vide Nos.- G.S.R. 675(E) dated August 25, 2000; G.S.R. 89(E) dated .....

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