Current Account Transactions — Definition and Section 5
· Chapter
The Foreign Exchange Management Act, 1999
8 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
FEM (Current Account Transactions) Rules, 2000 — Schedule I (Prohibited Drawal)
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3
FEM (Current Account Transactions) Rules, 2000 — Schedule II (Prior Government Approval)
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4
Holding of Foreign Exchange — Section 4
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5
Permitted vs Prohibited Capital Account Transactions for Persons Resident Outside India (PROI)
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6
Procedure for Drawal / Remittance and Account-Based Exemptions (RFC / EEFC)
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7
Schedule III — Permissible Current Account Transactions by an Individual (LRS)
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8
Schedule III — Remittance Facilities to Persons Other Than Individuals
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