Foreign Exchange Management (Manner of Receipt & Payment) (Second Amendment) Regulations, 2014

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..... xercise of the powers conferred by clause ( i ) of sub-section 6, sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.14/2000-RB, dated May 3, 2000 , Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Manner of Receipt Payment) Regulations, 2000 , as amended from .....

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..... onditions as stipulated by Reserve Bank of India. 2. In Regulation 5 , after sub regulation (2), the following should be added, namely: (3) Authorized Dealer Category-1 (AD Category-1) banks have been permitted to allow payments to be made for import of goods/software to a Third party (a party other than the supplier) subject to conditions as stipulated by Reserve Bank of India. C .....

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