The Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991
Learn about the Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds Act, 1991 that provides immunities and exemptions to foreign exchange investments.
Summary
The Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 was enacted to provide for the immunities and exemptions for foreign exchange investments in India. The Act defines the terms for remittance of foreign exchange, the permissible transactions, and the conditions for such transactions. It also outlines the requirements for investment in foreign exchange bonds, which includes the ceiling on the amount of investment, the nature of the bonds, and the conditions for investment. The Act provides protection to the foreign exchange investments made under this act, and sets out the provisions for dealing with any disputes that may arise.
Table of Contents
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title And Extent | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Immunities | Open |
| 4 | Section 4: Remittances Not To Be Taken Into Account In Certain Cases | Open |
| 5 | Section 5: Definitions | Open |
| 6 | Section 6: Immunities | Open |
| 7 | Section 7: Foreign Exchange Bonds Not To Be Taken Into Account In Certain Cases | Open |