Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2013

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..... gement (Permissible Capital Account Transactions) (Amendment) Regulations, 2013 G.S.R. 551(E). In exercise of the powers conferred by sub-section (2) of Section 6, Sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India, in consultation with Central Government, makes the following Regulations to amend the Foreign Exchange Manage .....

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..... dividual may, draw from an authorized person foreign exchange not exceeding USD 75000 per financial year or such amount as decided by Reserve Bank from time to time for a capital account transaction specified in Schedule I. Further, any remittances for acquisition of immovable property outside India under the Scheme shall not be permitted. Explanation : Drawal of foreign exchange by resident i .....

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..... remittance directly or indirectly to countries notified as non-co-operative countries and territories by Financial Action Task Force (FATF) from time to time and communicated by the Reserve Bank of India to all concerned. C. D. SRINIVASAN, Chief General Manager Foot Note : The Principal Regulations were published in the Official Gazette vide No. G.S.R. 384(E) dated May 5, 2000 in Part II .....

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