Regulation 1 - Short title and commencement - Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) (Central Office) NOTIFICATION No. FEMA 14 (R)/2016-RB Mumbai, the 2 nd May, 2016 Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 G.S.R. 480(E). -In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA.14/ 2000-RB, dated May 3, 2000 , as amended from time to time, dealing with Manner of Receipt and Payment, Notification No. FEMA.16/2000-RB, dated May 3, 2000 , as amended from time to time, dealing with Receipt from and Payment to a person Resident outside India and Notification No. FEMA. 17/ 2000-RB, dated May 3, 2000 , as amended from time to time, dealing with Transactions in Indian Rupees with Residents of Nepal and Bhutan, the Reserve Bank of India makes the following Regulations in respect of Manner of Receipt and Payment, namely:- 1. Short title and commencement : (i) These Regulations may be called the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016. (ii) They shall come into effect from the date of their publication in the Official Gazette.