Extraordinary Gazette of India
· Government of India
Reserve Bank of India under the Foreign Exchange Management Act, 1999, hereinafter referred to as FEMA, are exempted from the requirement of obtaining Authorisation under the PSS Act. Such Exchange Houses, however, shall be deemed to be authorised to operate cross-border inward remittance services under the PSS Act and shall comply with the provisions of the PSS Act and FEMA and Regulations issued thereunder by the Reserve Bank of India from time to time.
Published 07 January 2011
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