Amendments in FEMA Regulations

The Reserve Bank of India (RBI) has reviewed various former regulations issued by it in the year 2000.

Various amendments have followed subsequently and where it has found necessary, RBI has notified new regulations replacing the earlier regulations.

The following regulations have been repealed and replaced by the new regulations:

Regulations Repealed	Regulations Notified
Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000	Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015
Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2000	Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015
Foreign Exchange Management (Export and Import of Currency) Regulations, 2000	Foreign Exchange Management (Export and Import of Currency) Regulations, 2015
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000	Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2000	Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015