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The Reserve Bank of India amends the Foreign Exchange Management (Deposit) Regulations, 2016. The Reserve Bank deletes sub-regulation 3 of regulation 6 from the principal regulations. The regulations come into force on the date of publication in the Official Gazette.
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RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001
Notification No.FEMA 5 (R) 2/2019-RB
July 16, 2019
Foreign Exchange Management (Deposit)(Amendment) Regulations, 2019
In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 5(R)/2016-RB dated April 01, 2016 , the Reserve Bank makes the following amendment in the Foreign Exchange Management (Deposit) Regulations, 2016, as amended from time to time, namely :-
(R.K.Moolchandani) Chief General Manager
Foot Note: The Principal Regulations were published in the Official Gazette vide No. G.S.R. 389(E) dated April 01, 2016 in Part II, Section 3, sub-section (i) and subsequently amended as under G.S.R.1093 (E) dated 09.11.2018 G.S.R. 498 (E) dated 16.07.2019
