| Date: |
06-03-2004
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| Notification No: |
FEMA Notification No 113/2004
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| Issuing Authority: |
RBI
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| Type: |
Notification
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| File No: |
G.S.R.No.209(E) dated 23.3.2004 |
| Subject: |
Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) (Amendment) Regulations, 2004
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Notification No.FEMA.113/ 2004-RB
Dated 6 March 2004
Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) (Amendment) Regulations, 2004
In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of Notification No.FEMA 10/2000-RB dated May 3, 2000 as amended from time to time, Reserve Bank of India makes the following Regulations to amend the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2004 namely:-
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Short title and commencement :-
( i ) These Regulations may be called the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) ( Amendment)
Regulations,2004.
(ii) They shall come into force from the date of their publication in the Official Gazette.
- Amendment to the Regulations :-
In the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000 in sub-para (iv) of para 3 of the Schedule, the words "not exceeding US $ 3 million" shall be deleted.
( Shyamala Gopinath )
Executive Director
G.S.R.No.209(E) dated 23.3.2004
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