https://www.taxtmi.com/acts?id=2040 The Reserve Bank is empowered to make regulations by notification to carry out FEMA, including specifying permissible classes of capital account transactions, limits on admissibility of foreign exchange, prohibitions or restrictions on such transactions, and procedural requirements for declarations, repatriation, possession and holding of foreign currency, operation of foreign currency accounts, exemptions, and related matters; preexisting RBI regulations on capital account matters continue until amended or rescinded by the Central Government. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 29 May 2025 10:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2040 The Reserve Bank is empowered to make regulations by notification to carry out FEMA, including specifying permissible classes of capital account transactions, limits on admissibility of foreign exchange, prohibitions or restrictions on such transactions, and procedural requirements for declarations, repatriation, possession and holding of foreign currency, operation of foreign currency accounts, exemptions, and related matters; preexisting RBI regulations on capital account matters continue until amended or rescinded by the Central Government. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2040