Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) (Amendment) Regulations, 2007

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..... E) [FEMA 169/2007-RB], DATED 23-10-2007 In exercise of the powers conferred by section 8, Sub-section (6) of Section 10, clause ( c ) of section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following Regulations to amend the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations .....

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..... the principal regulations— ( 1 ) in regulation 6, in sub-regulation (1), for the words "Any person", the words "Any person not being an individual resident in India" shall be substituted. ( 2 ) in sub-regulation (2) for the words "purchased by any person", the words "purchased by any person not being an individual resident in India" shall be substituted. Insertion of new regulation 6A . .....

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