TMI BlogReceipt From, and Payment to, A Person Resident Outside India - Amendment in Notification No. FEMA 16/2000-RB Dated 3-5-2000X X X X Extracts X X X X X X X X Extracts X X X X ..... ification No. FEMA 237/2012-RB Dated 25-9-2012 G.S.R. 894(E),- In pursuance of the provisions of section 3 of the Foreign Exchange Management Act, 1999 (42 of 1999) , and in partial modification of its Notification No. FEMA16/2000-RB, dated May 3, 2000 (hereinafter referred to as 'the said Notification'), the Reserve Bank hereby directs that the said Notification shall with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sponsibility of the resident donor to ensure that the gift amount being credited is under the LRS and all the remittances/credits under the LRS during the financial year including the gift amount have not exceeded the limit prescribed thereunder. Loan in Rupees to non-resident (5) A resident individual may grant loan in rupees to a NRI relative by way of crossed cheque/electronic transfer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egulations. ------------------------- Notes:- 1. Substituted vide CORRIGENDUM DATED 10-9-2013 , before it was read as, After Regulation (3) of the said Notification, the following Regulations shall be inserted, namely:- 2. Substituted vide CORRIGENDUM DATED 10-9-2013 , before it was read as, For the purpose of this regulation, - Notification Tax Management In ..... X X X X Extracts X X X X X X X X Extracts X X X X
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