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Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003 - 092/2003 - Foreign Exchange Management
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Foreign currency account limit amended to raise the prescribed figure under the governing FEMA regulations, effective on publication. Amendment substitutes the prior numeric figure in paragraph 1(1), item 2 of the Schedule to the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000 with a higher prescribed figure, thereby altering the operative threshold for foreign currency accounts held by persons resident in India; the change is effected under powers of the Foreign Exchange Management Act and takes effect on publication in the Official Gazette.
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Foreign currency account limit amended to raise the prescribed figure under the governing FEMA regulations, effective on publication.
Amendment substitutes the prior numeric figure in paragraph 1(1), item 2 of the Schedule to the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000 with a higher prescribed figure, thereby altering the operative threshold for foreign currency accounts held by persons resident in India; the change is effected under powers of the Foreign Exchange Management Act and takes effect on publication in the Official Gazette.
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