Notification No. FEMA. 78/2002-03-RB, Dt. 17/11/2002

FEMA Amendment - Non diplomatic Staff Exempt from Deposit Regulations

G.S.R. 855(E). -- In exercise of the powers conferred by clause (f) of Sub.-section (3) of Section 6, and Sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 5/2000-RB dated May 3, 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000, namely: -

1. Short Title and Commencement:

(i) These Regulations may be called the Foreign Exchange Management (Deposit) ( Third Amendment) Regulations, 2002.

(ii) They shall come into force on their publication in the Official Gazette.

2. Amendment of the Regulations:

In the Foreign Exchange Management (Deposit) Regulations, 2000, in Regulation 4, in sub-regulation (3):

(i) For the words "diplomatic missions and personnel", the words, diplomatic missions, diplomatic personnel and non-diplomatic staff, who are the nationals of the concerned foreign countries and hold official passport of foreign embassies" shall be substituted.

(ii) In Clause (c) the words "and non-diplomatic staff" shall be inserted after the words "diplomatic personnel"

Sd/-
K. J. Udeshi,
Executive Director

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