Foreign exchange rule-making expands to debt instruments, capital account transactions, transaction limits, restrictions, and aggregate foreign exchange value. Section 46 expands the matters for which rules may be made under the Foreign Exchange Management Act, 1999. The added subjects include instruments ... Summary
Foreign exchange rule-making expands to debt instruments, capital account transactions, transaction limits, restrictions, and aggregate foreign exchange value.
Section 46 expands the matters for which rules may be made under the Foreign Exchange Management Act, 1999. The added subjects include instruments determined as debt instruments, permissible classes of capital account transactions, limits on foreign-exchange admissibility, and applicable prohibitions, restrictions or regulation. The rule-making scope also covers the aggregate value of foreign exchange relevant to section 37A(1).
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