Foreign Exchange Management Act (FEMA), 1999 -Current Account Transactions - Liberalisation

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..... I (AD Category-I) banks is invited to Foreign Exchange Management (Current Account Transactions) Rules, 2000 notified vide Notification No.G.S.R.381(E) dated 3rd May 2000, as amended from time to time. 2. In terms of Rule 4 of the Foreign Exchange Management (Current Account Transactions) Rules 2000, prior approval of the Ministry of Commerce and Industry, Government of India, is required for dra .....

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..... ustry, Government of India. 4. The amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, in this regard has been notified by the Government of India vide Notification No.G.S.R.382 (E) dated May 5, 2010 (copy enclosed). 5. AD Category-I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 6. The directions c .....

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