Amendment of section 6 .

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..... nstruments, which are permissible; ; (ii) after clause (b), the following clause shall be inserted, namely:- (c) any conditions which may be placed on such transactions; ; (iii) for the proviso, the following proviso shall be substituted, namely:-- Provided that the Reserve Bank or the Central Government shall not impose any restrictions on the drawal of foreign exchange for payment .....

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..... determined by the Central Government in consultation with the Reserve Bank. . - Clauses 166 and 170 of the Bill seek to amend sections 18, 34, 46 and 47 of the Foreign Exchange and Management Act, 1999. The said amendments are consequential to the Part VII providing for the amendments to the Prevention of Money laundering Act, 2002. - statute, statutory provisions legislation, law, enactm .....

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