RBI UPDATE
Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016
RBI has notified Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 in supersession of the erstwhile Foreign Exchange Management (Manner of Receipt and Payment) Regulation, 2000 which deals with Receipt from and Payment to a person Resident outside India and dealing with Transactions in Indian Rupees with Residents of Nepal and Bhutan.
They shall come into effect from the date of their publication in the Official Gazette.
