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        FEMA

        Rule 3 - Prohibition on Drawal of Foreign Exchange

        Foreign Exchange Management (Current Account Transactions) Rules, 2000

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        Prohibition on drawal of foreign exchange: bans travel to Nepal or Bhutan and transactions with residents; RBI may exempt. Prohibition on drawal of foreign exchange bars drawal for transactions listed in Schedule I, for travel to Nepal or Bhutan, and for transactions with persons resident in Nepal or Bhutan, with the Reserve Bank of India empowered to exempt transactions involving residents of Nepal or Bhutan under specified terms and conditions.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Prohibition on drawal of foreign exchange: bans travel to Nepal or Bhutan and transactions with residents; RBI may exempt.

                              Prohibition on drawal of foreign exchange bars drawal for transactions listed in Schedule I, for travel to Nepal or Bhutan, and for transactions with persons resident in Nepal or Bhutan, with the Reserve Bank of India empowered to exempt transactions involving residents of Nepal or Bhutan under specified terms and conditions.


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