Section 47 of FEMA empowers the Reserve Bank of India to make regulations to carry out the provisions of the FEMA, and the rules made thereunder. In pursuance thereto, the RBI has made the following 21 regulations so far, dealing with different types of transactions involving foreign exchange, viz.—
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Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000
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Foreign Exchange Management (Issue of Security in India by a Branch, Office or Agency of a Person Resident Outside India) Regulations, 2000
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Foreign Exchange Management (Borrowings or Lending in Foreign Exchange) Regulations, 2000
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Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000
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Foreign Exchange Management (Deposit) Regulations, 2000
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Foreign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) Regulations, 2000
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Foreign Exchange Management (Guarantees) Regulations, 2000
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Foreign Exchange Management (Insurance) Regulations, 2000
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Foreign Exchange Management (Remittance of Assets) Regulations, 2000
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Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000
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Foreign Exchange Management (Establishment in India or Branch or Office or other Place of Business) Regulations, 2000
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Foreign Exchange Management (Investment in Firm or Proprietary Concern in India) Regulations, 2000
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Foreign Exchange Management (Export and Import of Currency) Regulations, 2000
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Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations 2000
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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000
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Foreign Exchange Management (Export of Goods and Services) Regulations, 2000
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Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2000
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Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000
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Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000
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Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000
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Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000
Some of the important Regulations of great relevance for NRIs in general have been already explained. The relevant Regulation number along with the Schedule and Annexure has also been given in the following chapters, wherever necessary. |
