https://www.taxtmi.com/notifications?id=3709 The Reserve Bank directs that the prohibitions in section 3 clauses (b), (c) and (d) of the Foreign Exchange Management Act shall not apply to transactions entered into in Indian rupees by or with: (i) a person who is a citizen of India, Nepal or Bhutan resident in Nepal or Bhutan; (ii) a branch situated in Nepal or Bhutan of a company or corporation incorporated under the laws of India, Nepal or Bhutan; and (iii) a branch in Nepal or Bhutan of a business carried on as a partnership firm or otherwise by a citizen of India, Nepal or Bhutan. en-us Wed, 03 May 2000 00:00:00 +0530 Wed, 15 Jul 2009 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3709 The Reserve Bank directs that the prohibitions in section 3 clauses (b), (c) and (d) of the Foreign Exchange Management Act shall not apply to transactions entered into in Indian rupees by or with: (i) a person who is a citizen of India, Nepal or Bhutan resident in Nepal or Bhutan; (ii) a branch situated in Nepal or Bhutan of a company or corporation incorporated under the laws of India, Nepal or Bhutan; and (iii) a branch in Nepal or Bhutan of a business carried on as a partnership firm or otherwise by a citizen of India, Nepal or Bhutan. Notifications FEMA Wed, 03 May 2000 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3709