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Foreign Exchange Management (Manner of Receipt and Payment) (Second Amendment) Regulations, 2020 - FEMA 14(R)/(2)/2020-RB - Foreign Exchange Management

Extract

..... No. FEMA 14(R)/2016-RB dated May 02, 2016] (hereinafter referred to as 'the Principal Regulations'), namely: 1. Short title and commencement:- i. These Regulations may be called the Foreign Exchange Management (Manner of Receipt and Payment) (Second Amendment) Regulations, 2020. ii. They shall come into force from the date of their publication in the official Gazette. 2. In the Principal Regulations, (i) in sub-Regulation 1 (A) of Regulation 3, the following shall be substituted, namely: .....

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Foreign Exchange Management (Manner of Receipt and Payment) (Second Amendment) Regulations, 2020 - FEMA 14(R)/(2)/2020-RB - Foreign Exchange Management

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..... / or ACU Japnese Yen account in India of a bank of the member country in which the other party to the transaction is resident or by debit to the ACU Dollar account and / or ACU Euro account and / or ACU Japnese Yen account of the authorized dealer maintained with the correspondent bank in that member country:” AJAY KUMAR MISRA, Chief General Manager-in-Charge [ADVT.-III/4/Exty./491/19] Foot Note: The Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 [Notificati .....

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Foreign Exchange Management (Manner of Receipt and Payment) (Second Amendment) Regulations, 2020 - FEMA 14(R)/(2)/2020-RB - Foreign Exchange Management

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