Capital account transaction restrictions bar unauthorised foreign exchange, certain inbound investments, and prohibited dealings involving North Korean persons. Capital account transactions involving foreign exchange are prohibited unless permitted under applicable foreign-exchange law. Resident individuals may ... Summary
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Capital account transaction restrictions bar unauthorised foreign exchange, certain inbound investments, and prohibited dealings involving North Korean persons.
Capital account transactions involving foreign exchange are prohibited unless permitted under applicable foreign-exchange law. Resident individuals may draw foreign exchange for specified capital account transactions within the applicable annual limit, while transaction-specific limits govern excess drawals. Foreign investment is restricted in specified sectors, including chit funds, Nidhi companies, agricultural or plantation activities, certain real-estate activities, farm-house construction and transferable development rights trading. Capital account transactions and existing investments involving the Democratic People's Republic of Korea are prohibited or require closure unless specifically approved.
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