Capital Account Transaction [Section 6 of FEMA Act, 1999]

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....whether the transaction is "Capital Account Transaction" or a "Current Account Transaction". • The section gives a liberty by providing that any person may sell or draw foreign exchange to or from an authorised person for capital account transactions. • the liberty to do so is subject to the provisions of section 6(2) and 6(2A), which states that the Reserve Bank and the ....

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....f. 14th May 2015, but such omission is not incorporated in the definition section 2(e)) • In terms of Section 6(1), any person may sell or draw foreign exchange to or from an authorised person for a capital account transaction is now permitted by the Reserve Bank in respect of the specified class of such transaction subject to the monetary limit upto which foreign exchange is adm....

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....ules, 2022, The following shall be the Non - debt instruments as determined by the Central Government in consultation with the Reserve Bank. • All investments in equity in incorporated entities (public, private, listed and unlisted); • Capital participation in Limited Liability Partnerships; • All instruments of investment as recognised in the Foreign Di....