https://www.taxtmi.com/acts?id=1999 Capital account transactions allow sale or drawal of foreign exchange for capital purposes subject to specification of permissible classes, admissibility limits and conditions. Competence is split: the monetary regulator together with the national government may define permissible debt instruments and set limits and conditions, while the national government with the regulator may prescribe non debt transaction classes, limits and conditions. Protections are provided for drawals for amortisation of loans and depreciation of direct investments. Residence based rules govern holding or transfer of foreign and domestic assets, and the regulator may regulate establishment in the country by nonresidents. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 29 May 2025 10:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1999 Capital account transactions allow sale or drawal of foreign exchange for capital purposes subject to specification of permissible classes, admissibility limits and conditions. Competence is split: the monetary regulator together with the national government may define permissible debt instruments and set limits and conditions, while the national government with the regulator may prescribe non debt transaction classes, limits and conditions. Protections are provided for drawals for amortisation of loans and depreciation of direct investments. Residence based rules govern holding or transfer of foreign and domestic assets, and the regulator may regulate establishment in the country by nonresidents. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1999