Permissible Capital Account Transactions regulated by RBI under FEMA powers, notified to commence in June. The notification establishes the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000, made under the powers conferred ... Summary
Permissible Capital Account Transactions regulated by RBI under FEMA powers, notified to commence in June.
The notification establishes the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000, made under the powers conferred by the Foreign Exchange Management Act, 1999, in consultation with the Central Government to regulate permissible capital account transactions; it sets out the short title and declares the regulations' commencement, thus bringing the regulatory framework for capital account transactions into force.
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