Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (First Amendment) Regulations, 2004

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....MENT CENTRAL OFFICE MUMBAI 400 001 A.P.(DIR Series) Circular No.6 Notification No.FEMA.109/2004-RB Dated: January 1, 2004 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 07.01.2004 - G.S.R. No. 13(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 Foreig....

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....ation (1), after sub-clause (d) the following shall be added, namely :- '(e) received as the proceeds of life insurance policy claims/maturity/ surrender values settled in foreign currency from an insurance company in India permitted to undertake life insurance business by the Insurance Regulatory and Development Authority. ' (b) (i) In Regulation 5A, in sub-regulation (1), the words, 'A person ....