Foreign Exchange Management Act (FEMA), 1999 -Current Account Transactions - Liberalisation

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....     All Category-I Authorised Dealer Banks Madam / Sir, Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Foreign Exchange Management (Current Account Transactions) Rules, 2000 notified vide Notification No.G.S.R.381(E) dated 3rd May 2000, as amended from time to time. 2. In terms of Rule 4 of the Foreign Exchange Management (Current Accoun....

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....t of royalty and lump-sum payment under technical collaboration agreements without the approval of Ministry of Commerce and Industry, Government of India. 4. The amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, in this regard has been notified by the Government of India vide Notification No.G.S.R.382 (E) dated May 5, 2010 (copy enclosed). 5. AD Categor....