Articles on "RBI"


Foreign Exchange Management (Remittance of Assets) Regulations, 2016

Date posted: Wednesday 13 April 2016
Laws:,

The Reserve Bank of India, through its Notification No. FEMA 13 (R)/2016-RB dated 1st April, 2016, replaced the Foreign Exchange Management (Remittance of Assets) Regulations, 2000 (“Old Remittance Regulations”) with Foreign Exchange Management (Remittance of Assets) Regulations, 2016 (“New Remittance Regulations”). Though, largely the New Remittance Regulations are the same as the Old Remittance Regulations, there are a few changes that need to be highlighted. This article will bring out a detailed comparison of both the Regulations highlighting the additions and deletions.