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Remittance of Assets regulation amendment under FEMA narrows 'branch/office' to exclude project offices, effective on publication. The Reserve Bank of India amends the Remittance of Assets Regulations by inserting that the term 'branch/office' in regulation 6(1)(iii) does not include a project office; the Amendment takes effect on publication in the Official Gazette and modifies the earlier Notification No. FEMA.13/2000-RB in respect of that provision.
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Remittance of Assets regulation amendment under FEMA narrows 'branch/office' to exclude project offices, effective on publication.
The Reserve Bank of India amends the Remittance of Assets Regulations by inserting that the term 'branch/office' in regulation 6(1)(iii) does not include a project office; the Amendment takes effect on publication in the Official Gazette and modifies the earlier Notification No. FEMA.13/2000-RB in respect of that provision.
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