https://www.taxtmi.com/acts?id=1999 Section 6 permits foreign exchange for capital account transactions through an authorised person, subject to prescribed permissions, limits and conditions. The Reserve Bank may regulate permissible transactions involving debt instruments, while the Central Government may prescribe corresponding matters for transactions not involving debt instruments, in each case through consultation. Foreign-exchange drawal for ordinary-course loan amortisation and depreciation of direct investments cannot be restricted. The provision also preserves specified rights of residents and non-residents over assets acquired or inherited through prior residential status. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 27 Aug 2026 14:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1999 Section 6 permits foreign exchange for capital account transactions through an authorised person, subject to prescribed permissions, limits and conditions. The Reserve Bank may regulate permissible transactions involving debt instruments, while the Central Government may prescribe corresponding matters for transactions not involving debt instruments, in each case through consultation. Foreign-exchange drawal for ordinary-course loan amortisation and depreciation of direct investments cannot be restricted. The provision also preserves specified rights of residents and non-residents over assets acquired or inherited through prior residential status. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1999