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Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015

FEMA - 11(R)/2015-RB - Dated:- 29-12-2015 - RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION NO. FEMA 11(R)/2015-RB Mumbai, the 29th December, 2015 G.S.R. 1006(E).-In exercise of the powers conferred by clause (a) and .....

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the Reserve Bank of India makes the following regulations, namely :- 1. Short title & commencement:- i) These regulations may be called as . ii) They shall come into force from the date of their publication in the Official Gazette. 2. Definitions .....

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#39;possession' or 'retention' shall be construed accordingly. iii) The words and expressions used but not defined in these regulations shall have the same meaning respectively assigned to them in the Act. 3. Limits for possession and ret .....

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ion without limit of foreign currency and coins by an authorised person within the scope of his authority; ii) Possession without limit of foreign coins by any person; iii) Retention by a person resident in India of foreign currency notes, bank notes .....

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place outside India by way of payment for services not arising from any business in or anything done in India; or (b) was acquired by him, from any person not resident in India and who is on a visit to India, as honorarium or gift or for services re .....

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