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of <h1>RBI Amends Foreign Exchange Management Regulations 2019; Deletes Sub-Regulation 3 of Regulation 6 in 2016 Rules.</h1> The Reserve Bank of India issued the Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019, effective from its publication date in the Official Gazette. This amendment modifies the Foreign Exchange Management (Deposit) Regulations, 2016. Specifically, it deletes sub-regulation 3 of regulation 6, along with all associated words and expressions. This change is made under the authority granted by the Foreign Exchange Management Act, 1999, and partially modifies a previous notification from April 2016.
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