https://www.taxtmi.com/notifications?id=3821 The amendment revises Regulation 6(2)(i) Explanation to define total financial commitment and substitutes the remittance clause to require remittances by market purchases in freely convertible currencies, permitting Bhutan investments in freely convertible currencies or equivalent Indian Rupees and restricting Nepal investments to Indian Rupees. It adds a proviso to Regulation 15 mandating that repatriable dues from investments in Bhutan made in freely convertible currency, including disinvestment or winding up proceeds, be realised and repatriated only in freely convertible currency. en-us Tue, 17 May 2005 00:00:00 +0530 Sat, 04 Oct 2008 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3821 The amendment revises Regulation 6(2)(i) Explanation to define total financial commitment and substitutes the remittance clause to require remittances by market purchases in freely convertible currencies, permitting Bhutan investments in freely convertible currencies or equivalent Indian Rupees and restricting Nepal investments to Indian Rupees. It adds a proviso to Regulation 15 mandating that repatriable dues from investments in Bhutan made in freely convertible currency, including disinvestment or winding up proceeds, be realised and repatriated only in freely convertible currency. Notifications FEMA Tue, 17 May 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3821