If the foreign exchange has been acquired by way of gift or ...

Foreign Exchange from Gifts or Inheritance Exempt from Section 4; No Holding Limit by Reserve Bank.

February 5, 2019

Case Laws FEMA AT

If the foreign exchange has been acquired by way of gift or inheritance then even in that situation the provision of section 4 shall not apply. The reserve bank has not prescribed any limit for holding the foreign exchange in case the foreign exchange has been acquired by gift or inheritance.

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If the foreign exchange has been acquired by way of gift or ...

Foreign Exchange from Gifts or Inheritance Exempt from Section 4; No Holding Limit by Reserve Bank.

February 5, 2019

Case Laws FEMA AT

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