Cross-border deposit regulations establish RBI framework for deposits between residents and non-residents under FEMA, later superseded. The Reserve Bank of India issued the Foreign Exchange Management (Deposit) Regulations, 2000 under powers conferred by provisions of the Foreign Exchange Management Act, 1999 to regulate deposits between persons resident in India and persons resident outside India; the notification constitutes the RBI's regulatory framework for exchange control on cross border deposits and was later superseded by a subsequent notification.
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Provisions expressly mentioned in the judgment/order text.
Cross-border deposit regulations establish RBI framework for deposits between residents and non-residents under FEMA, later superseded.
The Reserve Bank of India issued the Foreign Exchange Management (Deposit) Regulations, 2000 under powers conferred by provisions of the Foreign Exchange Management Act, 1999 to regulate deposits between persons resident in India and persons resident outside India; the notification constitutes the RBI's regulatory framework for exchange control on cross border deposits and was later superseded by a subsequent notification.
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