Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Third Amendment) Regulations, 2003

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....nt) Central Office Mumbai 400 001 Notification No.FEMA.90/2003-RB Dated May 23, 2003 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 04.06.2003 - G.S.R. No. 453(E) In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of ....

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....hall be added, namely : - '(e) as gift from a close relative; Explanation : For the purpose of this clause, 'close relative' means relatives as defined in Section 6 of the Companies Act, 1956. (f) by way of earning through export of goods/services, or as royalty, honorarium or by any other lawful means; (g) representing the disinvestment proceeds received by the resident accountholder on conve....