Laws Related to NRIs

Reserve Bank of India (RBI) rules are subject to Transactions between a person resident in India and one outside India or transactions between two persons in India however in a foreign currency. Foreign Exchange Regulations Act governs the early rules which were modified subsequently in 1973 and then again in 1993. Foreign Exchange Management Act 1999 which is effective from June 1, 2000 replaces these.
Tags: | editorial blog | social networking | stock market | chocolate | expats | food | economics |

Leave a Reply