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Prohibited Capital Account Transactions
What are Prohibited capital account transactions? Unless otherwise provided in the act, rules or regulations made there under, no PROI shall make investment in India in any entity which is engaged in any of the following activities: Chit Fund. Nidhi Company Agricultural or Plantation activity. Real estate business or construction Read More →
Permissible Capital Account Transactions Resident Outside India
What are Permissible Capital Account Transactions of Persons Resident Outside India ? A person resident Outside India may enter into any of the following capital account transactions subject to RBI Regulations made in this regard: Investment in securities of Indian body corporate. Investment in the capital of a firm, proprietorship Read More →
Foreign Exchange Management Regulations
What are Foreign Exchange Management (Permissible Capital A/C Transactions) Regulations, 2000? 1) Permissible Capital Account Transactions of Persons Resident in India A person resident in India may enter into any of the following capital account transactions subject to RBI Regulations made in this regard: Investment in foreign securities. Foreign Read More →
How Capital Account Transactions is regulated?[Section 6]
RBI may, in consultation with the Central Government, specify the permissible capital account transactions and the limits up to which foreign exchange will be allowed for such transactions by making the appropriate regulations. Accordingly, the RBI has made Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000. Thus, capital account Read More →
Capital Account Transactions
What is Capital Account Transactions ? [Section 2(e)] Capital account transaction means a transaction, which alters the assets and liabilities, including contingent liabilities outside India of person resident in India or assets and liabilities in India of a person resident outside India. Capital account transactions relate to movement of capital. These Read More →
Law & Act | Obligation of Capital Market Intermediaries Under Prevention of Money Laundering Act
Get the legal law & act information : What are the Obligation of Capital Market Intermediaries Under Prevention of Money Laundering Act, 2002? Section – 12 Money Laundering Act, 2002 requires every capital market intermediary to maintain a record of all transactions, the nature and value of which may be Read More →
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