Foreign Exchange Management Act, 1999
Section - 47 - Power to make regulations
Power to make regulations.47. (1) The Reserve Bank may, by notification, make regulations to carry out the provisions of this Act and the rules made thereunder.(2) Without prejudice to the generality of the foregoing power, such regulations may provide for,-
| [(a) | - | the permissible classes of capital account transactions involving debt instruments determined under sub-section (7) of section 6, the limits of admissibility of foreign exchange for such transactions, and the prohibition, restriction or regulation of such capital account transactions under section 6;] |
| (b) | - | the manner and the form in which the declaration is to be furnished under clause (a) of sub-section (1) of section 7; |
| (c) | - | the period within which and the manner of repatriation of foreign exchange under section 8; |
| (d) | - | th .... To read the full section download the app from Google Play store
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