Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2007

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..... 7 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Remittance of Assets) Regulations, 2000. (Notification No. FEMA.13/2000-RB dated 3rd May, 2000), namely:- 1. Short Title and Commencement.- (i) These Regulations may be called the Foreign Exchange Management (Remittance of Assets) (Amen .....

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..... sub-clause (b) shall be substituted by the following new sub-clause, namely,: "an undertaking by the remitter and certificate from a Chartered Accountant in the format prescribed by the Central Board of Direct Taxes, Ministry of Finance, Government of India in their Circular No. 10/2002 dated October 9, 2002." (iii) in clause (ii), sub-clause (b) shall be substituted by the following sub-cl .....

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..... no person shall be adversely affected by the retrospective effect given to such Regulations. Foot Note: The Principal Regulations were published in the Official Gazette vide No. G.S.R. 396(E) dated May 5, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended vide. No.G.S.R. 576(E) dated 19-8-2002, No.G.S.R. 630(E) dated 4-8-2003, No.G.S.R. 699(E) dated 1-9-2003 and No.G .....

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