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Capital account transactions

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..... al Government, specify- 1 [(a) any class or classes of capital account transactions, involving debt instruments, which are permissible;] (b) the limit up to which foreign exchange shall be admissible for such transaction: 2 [(c) any conditions which may be placed on such transactions;] 3 [Provided that the Reserve Bank or the Central Government shall not impose any .....

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..... eld or owned by such person when he was resident outside India or inherited from a person who was resident outside India. (5) A person resident outside India may hold, own, transfer or invest in Indian currency, security or any immovable property situated in India if such currency, security or property was acquired, held or owned by such person when he was resident in India or inherited from a .....

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..... CT, 2015 w.e.f. 14th May 2015 3. Substituted vide THE FINANCE ACT, 2015 w.e.f. 14th May 2015, before it was read as, Provided that the Reserve Bank shall not impose any restriction on the drawal of foreign exchange for payments due on account of amortization of loans or for depreciation of direct investments in the ordinary course of business. 4. Inserted vide THE FINANCE ACT, .....

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..... tever name called between a person resident in India and a person resident outside India; (f) deposits between persons resident in India and persons resident outside India; (g) export, import or holding of currency or currency notes; (h) transfer of immovable property outside India, other than a lease not exceeding five years, by a person resident in India; .....

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