Credit of sale proceeds of Foreign Direct Investments in India to NRE/FCNR (B) accounts - Clarification.

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Full Text of the Document

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....on of the Authorised Dealer (AD) banks is invited to Regulation 11 of the Notification No. FEMA 20/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000, as amended from time to time. 2. The Committee constituted to Review the Facilities for Individuals under the Foreign Exchange Management Act, 1999 in its ....