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January 2015

A. P. (DIR Series) Circular No. 51 dated 17th December, 2014

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Foreign Exchange Management (Deposit) Regulations, 2000 – Exemption thereof
This circular provides that all multilateral organisations of which India is a member nation, and their subsidiary/ affiliate bodies in India, and their officials in India are entitled to the exemption in terms of Regulation 4(5) of the Foreign Exchange Management (Deposit) Regulations, 2000, notified vide Notification No. FEMA 5/2000-RB dated 3rd May, 2000.

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