See Rule 5 - Transactions which require prior approval of Reserve Bank
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....Emigration. (v) Maintenance of close relatives abroad. (vi) Travel for business, or attending a conference or specialised training or for meeting expenses for meeting medical expenses, or check-up abroad, or for accompanying as attendant to a patient going abroad for medical treatment/ check-up. (vii) Expenses in connection with medical treatment abroad. (viii) Studies abroad. (ix) Any other current account transaction: Provided that for the purposes mentioned at item numbers (iv), (vii) and (viii), the individual may avail of exchange facility for an amount in excess of the limit prescribed under the Liberalised Remittance Scheme as provided in regulation 4 to FEMA Notification 1/2000-RB, dat....
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.... for persons other than individual - 2. The following remittances by persons other than individuals shall require prior approval of the Reserve Bank of India. (i) Donations exceeding one per cent. of their foreign exchange earnings during the previous three financial years or USD 5,000,000, whichever is less, for- (a) creation of Chairs in reputed educational institutes, (b) contribution to funds (not being an investment fund) promoted by educational institutes; and (c) contribution to a technical institution or body or association in the field of activity of the donor Company. (ii) Commission, per transaction, to agents abroad for sale of residential flats or commercial plots in India exceedi....
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....p;before it was read as, "7. Remittance for maintenance of close relatives abroad exceeding US$ 5,000 per year per recipient." 4. Inserted vide Notification No. 42/2001 dated 30-03-2001, w.e.f. 30-03-2001. 5. Substituted vide Notification No. 42/2001 dated 30-03-2001, w.e.f. 30-03-2001 before it was read as, "15. Remittances exceeding US$ 100,000 for architectural / consultancy services procured from abroad." 6. Inserted vide Notification No. 42/2001 dated 30-03-2001, w.e.f. 30-03-2001. 7. Substituted vide Notification No. G.S.R. 5(E) dated 17-12-2002, w.e.f. 17-12-2002 before it was read as, ....
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....ance by artiste e.g. wrestler, dancer, entertainer etc. (This restriction is not applicable to artistes engaged by tourism related organisations in India like ITDC, State Tourism Development Corporations etc. during special festivals or those artistes engaged by hotels in five star categories, provided the expenditure is met out of EEFC account.)" 16. Substituted vide Notification no. GSR 608(E) dated 13.9.2004. w.e.f. 13-09-2004 before it was read as, "11. Commission to agents abroad for sale of residential flats / commercial plots in India, exceeding 5% of the inward remittance." 17. Omitted vide Notification no. GSR 608(E) dated 13.9.2004. w.e.f. 13-09-2004 before....
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....t was read as, "^2[4. Donation exceeding US$ 5,000 per remitter / donor per annum.]" 23. Substituted vide Notification No. G.S.R. 349(E) dated 22-05-2009, w.e.f. 03-04-2007 before it was read as, "^5[15. Remittance exceeding ^14[US$ 1,000,000], per project, for any consultancy service procured from outside India.]" 24. Substituted vide Notification No. G.S.R. 349(E) dated 22-05-2009, w.e.f. 03-04-2007, before it was read as, "^6[17. Remittance exceeding US$100,000, by an entity in India by way of reimbursement of pre-incorporation expenses.]" 25. Substituted vide Notification No. G.S.R. 426(E) dated 26-05-2015, w.e.f. 326-05-....
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....ves abroad, ^8[(i) exceeding net salary (after deduction of taxes, contribution to provident fund and other deductions) of a person who is resident but not permanently resident in India and - (a) is a citizen of a Foreign State other than Pakistan; or (b) is a citizen of India, who is on deputation to the office or branch or subsidiary or joint venture in India of such foreign company.] (ii) Exceeding ^12[US $ 100,000] per year per recipient, in all other cases. Explanation : For the purpose of this item, a person resident in India on account of his ^9[employment or deputation of] a specified duration (irrespective of length thereof) or for a specific job or assignment; the duration of whic....
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