Foreign Exchange Management (Permissible Capital Account Transactions)(Amendment) Regulations, 2014

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..... nge Management (Permissible Capital Account Transactions)(Amendment) Regulations, 2014 G.S.R. No. 488 (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 E .....

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..... a resident individual may draw from an authorized person foreign exchange not exceeding USD 125000 per financial year or such amount as may be decided by Reserve Bank from time to time for a capital account transaction specified in Schedule I. Explanation: Drawal of foreign exchange by resident individuals towards remittances of gift or donations as per item Nos. 3 and 4 of Schedule III to .....

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..... d 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. No.384 (E) dated May 5, 2000 in Part II, Section 3, sub-section (i) and subsequently amended vide: G.S.R.207 (E) dated March 23, 2004 G.S.R.14 (E) dated January 5, 2008 G.S.R.5 .....

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