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of <h1>RBI Amends Foreign Exchange Management Regulations: Condition Deleted in Regulation 6, Clause (b), Foreign Property Rules Updated.</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations 2000, effective upon publication in the Official Gazette. The amendment involves the deletion of condition No. (ii) of clause (b) in Regulation 6, with subsequent conditions being renumbered accordingly. This change is made under the authority granted by the Foreign Exchange Management Act, 1999. The notification was signed by the Executive Director and published in the Extraordinary Gazette of India.
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