Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2013

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....nt (Permissible Capital Account Transactions) (Amendment) Regulations, 2013 G.S.R. 551(E).-In exercise of the powers conferred by sub-section (2) of Section 6, Sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India, in consultation with Central Government, makes the following Regulations to amend the Foreign Exchange Management (Permiss....

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....w from an authorized person foreign exchange not exceeding USD 75000 per financial year or such amount as decided by Reserve Bank from time to time for a capital account transaction specified in Schedule I. Further, any remittances for acquisition of immovable property outside India under the Scheme shall not be permitted. Explanation : Drawal of foreign exchange by resident individuals towards....