NTF. NO. FEMA 89/2003-RB, DT. 29/04/2003
- Document type
- Circular
- Dated
- Category
- Notifications Under FEMA
Foreign Exchange Management (Foreign Currency Account by a Person Resident in India ) (Second Amendment) Regulation, 2003
Foreign Exchange Management (Foreign Currency Account by a Person Resident in India ) (Second Amendment) Regulation, 2003
1. Short title and commencement :
(a) These Regulations may be called the Foreign Exchange Management (Foreign Currency Account by a person Resident in India ) (Second Amendment) Regulations, 2003.
(b) They shall come into force from the date of their publication in the Official Gazette
2. Amendment of the Regulation :
In the Foreign Exchange Management (Foreign Currency Account by a Person Resident in India ) Regulations, 2000, in sub-regulation 8 of Regulation 7, for the words "A national of a foreign State resident in India being an employee of a foreign company on deputation'', the words "A national of a foreign state resident in India being an employee of a foreign company or a citizen of India employed by a foreign company outside India and in either case on deputation'' shall be substituted.
Foot-note : The Principal Regulations were published in the Official Gazette vide No. G.S.R. 393(E) dated May 5, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended vide No. G.S.R 675(E) dated August 25, 2000, No: G.SR. 89(E) dated February 12, 2001, No. G.S.R 103(E) dated February 19, 2001, No. G.S.R 200(E) dated March 21, 2001, No. G.S.R 5(E) dated January 2, 2002, No. G.S.R 261(E) dated April 9, 2002, No. G.SR. 465(E) dated July 2, 2002, No. G.S.R 474(E) dated July 8, 2002, No. G.S.R 755(E) dated November 8, 2002, No. G.S.R 756(E), No. G.S.R 224(E) dated March 18, 2003 and No. G.S.R 398(E) dated May 14, 2003.
(Above foot note has been added vide Ntf. No. G.S.R.711(E), Dt. 20/10/2004)
Sd/-
K J Udeshi
Executive Director