Investment by multilateral development banks in government securities permitted with repatriation and approved fund account payment options. Authorization permits Multilateral Development Banks approved by the Government to purchase government dated securities, with payment by inward remittance or from an approved fund account; net sale proceeds after taxes may be remitted abroad or credited to the approved fund account, following amendments to the FEMA regulations.
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.
Investment by multilateral development banks in government securities permitted with repatriation and approved fund account payment options.
Authorization permits Multilateral Development Banks approved by the Government to purchase government dated securities, with payment by inward remittance or from an approved fund account; net sale proceeds after taxes may be remitted abroad or credited to the approved fund account, following amendments to the FEMA regulations.
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