Receipt from and payment to, a person resident outside India
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.... Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 08.05.2000 - G.S.R. No. 403(E) In pursuance of the provisions of Section 3 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank is pleased to permit - 1) any person, to receive any payment a) made in rupees by order or on behalf of a person resident ....
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....ses on account of boarding, lodging and services related thereto or travel to and from and within India of a person resident outside India who is on a visit to India; ii) to a person resident outside India, by means of a crossed cheque or a draft as consideration for purchase of gold or silver in any form imported by such person in accordance with the terms and conditions imposed under any orde....
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....pplicable for making such payments are duly complied with. ^2[Gift in Rupees (4). An individual resident in India may make a gift to a Non-Resident Indian (NRI)/Person of Indian Origin (PIO), who is a close relative of the resident individual, in rupees by way of crossed cheque/electronic transfer: Provided that - (i) The amount should be credited to the Non-Resident (Ordinary) Rupee A....
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