MANU/RFEM/0011/2019
Ministry : Reserve Bank of India
Department/Board : Foreign Exchange Department
Notification No. : FEMA 5 (R) 2/2019-RB
Notification No. : GSR498(E)
Date of Notification : 16.07.2019
Date of Publication : 16.07.2019
Notification/ Circulars Referred : Notification No. FEMA 5(R)/2016-RB dated April 01, 2016 MANU/RFEM/0013/2016;G.S.R.1093 (E) dated 09.11.2018 MANU/RFEM/0007/2018
Subject: Banking
Citing Reference:
Notification No. FEMA 5(R)/2016-RB dated April 01, 2016 MANU/RFEM/0013/2016 Referred
G.S.R.1093 (E) dated 09.11.2018 MANU/RFEM/0007/2018 Referred
Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019
G.S.R.498(E).-- In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 5(R)/2016-RB dated April 01, 2016, the Reserve Bank makes the following amendment in the Foreign Exchange Management (Deposit) Regulations, 2016, as amended from time to time, namely :-
2. Short title and commencement.--
(i) These Regulations may be called the Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019.
(ii) They shall come into force with effect from the date of their publication in the Official Gazette.
3. Amendment of the regulations.--
Sub-regulation 3 of regulation 6 including all the words and expressions contained therein shall........