https://www.taxtmi.com/acts?id=2040 Section 47 authorises the Reserve Bank to make regulations by notification for implementing the Foreign Exchange Management Act and its rules. This includes regulation of permissible debt-instrument capital account transactions, foreign-exchange limits, declarations, repatriation, possession of foreign currency, foreign-currency accounts, exemption or retention of acquired foreign exchange, and currency export, import or holding. Earlier capital-account regulations remain valid until amended or rescinded by the Central Government where the relevant power has vested in it. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 27 Aug 2026 18:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2040 Section 47 authorises the Reserve Bank to make regulations by notification for implementing the Foreign Exchange Management Act and its rules. This includes regulation of permissible debt-instrument capital account transactions, foreign-exchange limits, declarations, repatriation, possession of foreign currency, foreign-currency accounts, exemption or retention of acquired foreign exchange, and currency export, import or holding. Earlier capital-account regulations remain valid until amended or rescinded by the Central Government where the relevant power has vested in it. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2040