Foreign Exchange Management (Deposit) (Second Amendment) Regulations, 2007

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..... (f) of sub-section (3) of Section 6, 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 in the Foreign Exchange Management (Deposit) Regulations, 2000 (Notification No. FEMA. 5/2000-RB dated May 3,2000) namely :--- 1. Short title and commencement :- (i) These Regulations may be called the Foreign Ex .....

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..... le taxes. The resident Power of Attorney holder shall not repatriate outside India funds held in the account under any circumstances other than to the non-resident individual account holder himself nor shall make payment by way of gift to a resident on behalf of the non-resident account holder or transfer funds from the account to another NRO account. Any remittance outside India shall be within t .....

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