Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2009

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.... 2009 G.S.R. 349(E). - In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in consultation with the Reserve Bank, the Central Government, having considered it necessary in the public interest, hereby makes the following further amendments in the Foreign Exchange Management (Current A....

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....nt individual;" (ii) the amendments made to item numbers 2 and 3 shall be deemed to have come into force on the 20th December, 2006. (2) for item 4 and the entries relating thereto, the following item number and the entries shall be substituted, namely:- "4. (i) Donation exceeding US$ 5,000 per financial year per remitter or donor other than resident individual; (ii) Donations by corpo....

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....espect of infrastructure projects and US$ 1,000,000 per project for other consultancy services procured from outside India. Explanation : For the purposes of this item number 'infrastructure project' is those related to - (i) Power, (ii) Telecommunication, (iii Railways, (iv) Roads including bridges, (v) Sea port and airport, (vi) Industrial parks, and (vii) Urban infrastru....