https://www.taxtmi.com/acts?id=2171 Regulation 4 prohibits undertaking, selling or drawing foreign exchange for capital account transactions except as provided; resident individuals may draw foreign exchange up to a Reserve Bank determined annual limit for Schedule I capital account transactions, with such drawals subsuming certain current account items and barred from remittance to FATF designated non cooperative countries. Drawals above the limit are governed by transaction specific ceilings. The regulation also forbids non resident investment in specified activities including chit funds, Nidhi companies, agriculture/plantation, real estate business, construction of farmhouses and trading in TDRs, while exempting certain real estate development activities and permitting NRI non repatriation subscriptions to chit funds subject to RBI conditions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 17 Feb 2026 18:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2171 Regulation 4 prohibits undertaking, selling or drawing foreign exchange for capital account transactions except as provided; resident individuals may draw foreign exchange up to a Reserve Bank determined annual limit for Schedule I capital account transactions, with such drawals subsuming certain current account items and barred from remittance to FATF designated non cooperative countries. Drawals above the limit are governed by transaction specific ceilings. The regulation also forbids non resident investment in specified activities including chit funds, Nidhi companies, agriculture/plantation, real estate business, construction of farmhouses and trading in TDRs, while exempting certain real estate development activities and permitting NRI non repatriation subscriptions to chit funds subject to RBI conditions. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2171