Transactions in India rupees with residents of Nepal and Bhuta

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....s with residents of Nepal and Bhutan Notification No. FEMA/ 17 /RB-2000 dated 3rd May 2000 RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400001 Published in the Offic....

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....upees by or with i) a person who is a citizen of India, Nepal or Bhutan resident in Nepal or Bhutan; ii) a branch situated in Nepal or Bhutan of any business carried on by a company or a corporation....