Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023

Dec 26, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Reserve Bank of India (RBI) December 20, 2023, notified the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023.

The following has been stated: -

•Rule 2 lays down various definitions of the terms like 'Authorised Bank'.

•Rule 3 talks about the Manner of receipt and payment.

They shall come into force on December 20, 2023.

The detailed notification is given in the document attached below.

[Notification No.FEMA 14(R)/2023]

View Document 1

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