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of <h1>Amendment to Section 6 of FEMA 1999: New rules for capital account transactions, debt instruments, and foreign exchange limits.</h1> Section 6 of the Foreign Exchange Management Act, 1999, is amended to redefine permissible capital account transactions involving debt instruments and introduce conditions on such transactions. The Reserve Bank and Central Government are restricted from imposing limits on foreign exchange for loan amortization or investment depreciation. A new sub-section allows the Central Government, in consultation with the Reserve Bank, to prescribe permissible non-debt capital account transactions, set foreign exchange limits, and impose conditions. The definition of 'debt instruments' is clarified, and sub-section (3) is omitted. These changes align with amendments to the Prevention of Money Laundering Act, 2002.
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