Foreign Exchange Management (Permissible Capital Account Transactions) (First Amendment) Regulations, 2019

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....e Management (Permissible Capital Account Transaction) (First Amendment) Regulations, 2019. G.S.R. 198(E).-Government of India, Ministry of External Affairs, issued the Order S.O. 1549(E) dated April 21, 2017 implementing the Security Council Resolution on Democratic People's Republic of Korea. Therefore, in exercise of the powers conferred by sub-section (2) of Section 6 read with sub-section ....

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....ount Transactions) Regulations, 2000 (Notification No. FEMA 1/2000- RB dated May 3, 2000): "(c) No person resident in India shall undertake any capital account transaction which is not permissible in terms of Order S.O. 1549(E) dated April 21, 2017, as amended from time to time, of the Government of India, Ministry of External Affairs, with any person who is, a citizen of or a resident of Democ....

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.... period of 180 days from the date of issue of this Notification, unless there is specific approval from the Central Government to continue beyond that period." [F. No. 1/2/EM-2018] AJAY KUMAR MISRA, Chief General Manager-In-Charge Foot Note: The Principal Regulations were published in the Official Gazette vide No. G.S.R. No.384 (E) dated May 5, 2000 in Part II, Section 3, sub-section (....