The Central Government amended the Foreign Exchange Management (Current Account Transactions) Rules, 2000 by substituting words and figures in Schedules I and II. - G.S.R. 512(E) - Foreign Exchange Management

Notification Dated 27th July 2005 G.S.R. 512(E)- In exercise of the powers conferred by Section (1) and clause (a) of Sub-section (2) of Section 46 read with Section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999) , the Central Government, hereby makes the following amendments in the Foreign Exchange Management (Current Account Transactions) Rules, 2000 , namely :- 1. (1) These rules may be called the Foreign Exchange Management (Current Account Transaction) Amendment Rules, 2005. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Foreign Exchange Management (Current Account Transaction) Rules, 2000 . (a) in Schedule I, brackets, words and figure (see Rule 3) the following words, brackets and figure shall be substituted, namely:- Transactions which are Prohibited (see rule 3) , (b) in Schedule II, for the brackets, words and figure (see Rule 4) , the following words, brackets and figure shall be substituted, namely:- Transactions which require prior approval of the Central Government (see Rule 4) . U.K. Sinha Jt. Secy