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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI issues Foreign Exchange Management Regulations 2016 under Section 47 superseding three previous notifications from 2000</h1> The Reserve Bank of India issued the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 under Section 47 of the Foreign Exchange Management Act, 1999. These regulations supersede three previous notifications from 2000 dealing with manner of receipt and payment, transactions with non-residents, and rupee transactions with Nepal and Bhutan residents. The regulations are effective from their official gazette publication date and establish comprehensive framework for foreign exchange receipt and payment procedures.
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