Foreign Exchange Management (Insurance) Regulations, 2000 – Life Insurance Memorandum (LIM)

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..... horised Dealers in Foreign Exchange Madam / Sirs, Foreign Exchange Management (Insurance) Regulations, 2000 - Life Insurance Memorandum (LIM) Attention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.72 dated January 17, 2003 enclosing the Memorandum of Exchange Control Regulations relating to Life Insurance in India (LIM). In terms of paragraph 5(iii) of the Memorandum r .....

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..... nd Development Authority to conduct insurance business may be permitted to credit the proceeds to the RFC Account opened by them on their becoming residents. 3. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned. 4. The directions contained in this circular have been issued under Sections 10(4) and 11 (1) of the Foreign Exchange Manageme .....

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