Realisation and repatriation of foreign exchange regulated by RBI rules on manner, period and surrender obligations. The Reserve Bank of India, under the Foreign Exchange Management Act, issues regulations specifying the manner, procedural conditions and time periods for realisation of foreign exchange, repatriation of realised foreign exchange into India, and the surrender obligations of persons holding such foreign exchange to prescribed authorities.
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Provisions expressly mentioned in the judgment/order text.
Realisation and repatriation of foreign exchange regulated by RBI rules on manner, period and surrender obligations.
The Reserve Bank of India, under the Foreign Exchange Management Act, issues regulations specifying the manner, procedural conditions and time periods for realisation of foreign exchange, repatriation of realised foreign exchange into India, and the surrender obligations of persons holding such foreign exchange to prescribed authorities.
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