Current account liberalisation: banks may allow foreign exchange drawal for purchase of trademark or franchise without prior central approval. Authorised Dealer Category I banks may permit persons to draw foreign exchange for purchase of trademark or franchise in India without obtaining prior approval of the Reserve Bank, consequent to the amendment of the Foreign Exchange Management (Current Account Transactions) Rules, 2000; this relaxation is subject to compliance with other applicable laws and FEMA obligations.
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.
Current account liberalisation: banks may allow foreign exchange drawal for purchase of trademark or franchise without prior central approval.
Authorised Dealer Category I banks may permit persons to draw foreign exchange for purchase of trademark or franchise in India without obtaining prior approval of the Reserve Bank, consequent to the amendment of the Foreign Exchange Management (Current Account Transactions) Rules, 2000; this relaxation is subject to compliance with other applicable laws and FEMA obligations.
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