Home Acts & Rules FEMA Old_Provisions FOREIGN EXCHANGE MANAGEMENT (INSURANCE) REGULATIONS, 2000 This
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Regulation 1 - Short title and commencement - FOREIGN EXCHANGE MANAGEMENT (INSURANCE) REGULATIONS, 2000Extract Notification No.FEMA 12/2000-RB dated 3rd May 2000 In exercise of the powers conferred by sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations with respect to the holding by a person resident in India of a general or life insurance policy issued by an insurer outside India, namely: 1. Short title and commencement :- (i) These Regulations may be called the Foreign Exchange Management (Insurance) Regulations, 2000. (ii) They shall come into force on 1st day of June, 2000.
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