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Authorized Dealers Can Facilitate Unlimited Remittances with Form A2, Complying with FEMA 1999 Sections 10(4) and 11(1).

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Full Text of the Document

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....Authorised Dealers (AD Category-I banks and AD Category-II entities) can facilitate remittances based on online/physical submission of Form A2 without any limit on amount, subject to conditions u/s 10(5) of FEMA 1999. ADs to frame guidelines with Board approval within statutory framework. Reporting in FETERS to continue. KYC norms to be complied with. Issued u/ss 10(4) and 11(1) of FEMA 1999.....

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