Online Form A2 remittances allowed without amount limits, subject to FEMA conditions and KYC compliance. All Authorised Dealers may accept remittances on the basis of online or physical submission of Form A2 with no limit on the remitted amount, subject to Section 10(5) of FEMA 1999. Authorised Dealers must adopt Board approved guidelines, comply with FEMA and the Master Direction on KYC, and continue reporting transactions in FETERS; directions are issued under sections 10(4) and 11(1) of FEMA without prejudice to other legal permissions.
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.
Online Form A2 remittances allowed without amount limits, subject to FEMA conditions and KYC compliance.
All Authorised Dealers may accept remittances on the basis of online or physical submission of Form A2 with no limit on the remitted amount, subject to Section 10(5) of FEMA 1999. Authorised Dealers must adopt Board approved guidelines, comply with FEMA and the Master Direction on KYC, and continue reporting transactions in FETERS; directions are issued under sections 10(4) and 11(1) of FEMA without prejudice to other legal permissions.
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