Foreign Exchange Management (Manner of Receipt and Payment) (Second Amendment) Regulations, 2020

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..... nd Payment) (Second Amendment) Regulations, 2020 Notification No. FEMA 14(R)/(2)/2020-RB.- In exercise of the powers conferred by 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 (Manner of Receipt and Payment) Regulations, 2016 [ Notification No. FEMA 14(R)/2016-RB dated May .....

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..... n account in India of a bank of the member country in which the other party to the transaction is resident or by credit to the ACU Dollar account and / or ACU Euro Account and / or ACU Japnese Yen account of the authorized dealer maintained with the correspondent bank in that member country; (iii) in sub-regulation 1(A) of Regulation 5, the following shall be substituted, namely: Members .....

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..... 4(R)/2016-RB dated May 02, 2016 ] were published in the Official Gazette vide G.S.R. No. 480(E) dated May 03, 2016 and subsequently amended vide No. FEMA 14 (R)/(1)/2019-RB dated November 13, 2019 published on November 14, 2019 in the Gazette of India, Extraordinary, Part-III, Section-4 . - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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