Remittance facilities for non-residents consolidated into a unified circular with limited-duration applicability and instructions for authorised banks. Consolidation of remittance facilities for Non-Resident Indians, Persons of Indian Origin and foreign nationals under the Foreign Exchange Management Act framework and specified FEMA notifications, providing a single reference for authorised banks and identifying underlying circulars in an appendix. The Master Circular directs Authorised Dealer Category I and other authorised banks to follow the consolidated guidelines and is issued with a sunset clause after which it will be replaced by an updated Master Circular.
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.
Remittance facilities for non-residents consolidated into a unified circular with limited-duration applicability and instructions for authorised banks.
Consolidation of remittance facilities for Non-Resident Indians, Persons of Indian Origin and foreign nationals under the Foreign Exchange Management Act framework and specified FEMA notifications, providing a single reference for authorised banks and identifying underlying circulars in an appendix. The Master Circular directs Authorised Dealer Category I and other authorised banks to follow the consolidated guidelines and is issued with a sunset clause after which it will be replaced by an updated Master Circular.
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