Foreign exchange management rules for current account transactions establish regulatory authority and commencement under FEMA. Enactment of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 under the Foreign Exchange Management Act, 1999 authorizes the Central Government to regulate current account transactions; the notification records consultation with the Reserve Bank of India and provides the short title and commencement, bringing the rules into effect on the first day of June, 2000.
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Foreign exchange management rules for current account transactions establish regulatory authority and commencement under FEMA.
Enactment of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 under the Foreign Exchange Management Act, 1999 authorizes the Central Government to regulate current account transactions; the notification records consultation with the Reserve Bank of India and provides the short title and commencement, bringing the rules into effect on the first day of June, 2000.
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