Foreign Exchange Management (Foreign Currency Accounts by A Person Resident In India) (Second Amendment) Regulations, 2012 - Amendment in Regulation 5 and Schedule-I

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.... Dated 25-9-2012 G.S.R. 915(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 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000 (Notification No. FEMA 10/2000....

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.... Foreign Currency account on 'former or survivor' basis. However, such resident Indian close relative joint account holder shall not be eligible to operate the account during the life time of the resident account holder. Explanation: For the purpose of this sub-regulation, 'close relative' means 'relative' as defined in Section 6 of the Companies Act, 1956." Amendment to the Schedule 3. In the ....

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....al Regulations were published in the Official Gazette vide No. G.S.R. 393(E) dated May 5, 2000 in Part II, Section 3, Sub-section (i) and Subsequently amended vide (a) No. GSR 675(E), dated 28.08.2000, (b) No. GSR 89(E), dated 12.02.2001 (c) No. GSR 103(E), dated 19.02.2001 (d) No. GSR 200(E), dated 21.03.2001 (e) No. GSR 5(E), dated 02.01.2002, (f) No. GSR 261(E), dated 09.04.2002, (g) No.....