{"id":292496,"date":"2023-05-18T13:30:16","date_gmt":"2023-05-18T08:00:16","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=292496"},"modified":"2023-05-18T12:08:11","modified_gmt":"2023-05-18T06:38:11","slug":"use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/","title":{"rendered":"MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023"},"content":{"rendered":"
\n

On 16-5-2023, the Ministry of Finance notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 to amend the Foreign Exchange Management (Current Account Transactions) Rules, 2000<\/a>. The provisions came into force on 16-5-2023.<\/p>\n

Rule 7<\/b> relating to Use of International Credit Card while outside India<\/b> has been omitted<\/b>. Under this rule, the mandatory provisions of Rule 5 were exempted for the users of International Credit Card for making payments outside India.<\/p>\n

Note: Rule 5<\/b> provides that<\/p>\n

• For withdrawing any foreign exchange for a transaction included in Schedule III, prior approval of Reserve Bank of India is required.<\/p>\n

• Exemption: payments made out of funds held in Resident Foreign Currency Account of the remitter.<\/p>\n

Now<\/b>, the use of International Credit Card<\/b> will be governed by Schedule III<\/b> of Foreign Exchange Management (Current Account Transactions) Rules, 2000<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On 16-5-2023, the Ministry of Finance notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 to amend the Foreign Exchange <\/p>\n","protected":false},"author":67515,"featured_media":284863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[57693,33491,57694,2824,2732,30308],"class_list":["post-292496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations","tag-current-account-transactions","tag-fema","tag-international-credit-card","tag-Ministry_of_Finance","tag-Reserve_Bank_of_India","tag-rules"],"yoast_head":"\nMoF tightens rules on International Credit Card transactions | SCC Blog<\/title>\n<meta name=\"description\" content=\"FEMA (Current Account Transactions) (Amendment) Rules, 2023: Finance Ministry brings stricter norms for use of international credit card outside India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023\" \/>\n<meta property=\"og:description\" content=\"FEMA (Current Account Transactions) (Amendment) Rules, 2023: Finance Ministry brings stricter norms for use of international credit card outside India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T08:00:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kriti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kriti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/\",\"name\":\"MoF tightens rules on International Credit Card transactions | SCC Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png\",\"datePublished\":\"2023-05-18T08:00:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd\"},\"description\":\"FEMA (Current Account Transactions) (Amendment) Rules, 2023: Finance Ministry brings stricter norms for use of international credit card outside India.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png\",\"width\":886,\"height\":590,\"caption\":\"Ministry of Finance\u00a0\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd\",\"name\":\"Kriti\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd399db894c8c7120c1692bc4678f14b48d0de98ac8612d875dfe6be68c65940?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd399db894c8c7120c1692bc4678f14b48d0de98ac8612d875dfe6be68c65940?s=96&d=mm&r=g\",\"caption\":\"Kriti\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/scc_8\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MoF tightens rules on International Credit Card transactions | SCC Blog","description":"FEMA (Current Account Transactions) (Amendment) Rules, 2023: Finance Ministry brings stricter norms for use of international credit card outside India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/","og_locale":"en_US","og_type":"article","og_title":"MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023","og_description":"FEMA (Current Account Transactions) (Amendment) Rules, 2023: Finance Ministry brings stricter norms for use of international credit card outside India.","og_url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2023-05-18T08:00:16+00:00","og_image":[{"width":886,"height":590,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png","type":"image\/png"}],"author":"Kriti","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kriti","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/","url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/","name":"MoF tightens rules on International Credit Card transactions | SCC Blog","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png","datePublished":"2023-05-18T08:00:16+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd"},"description":"FEMA (Current Account Transactions) (Amendment) Rules, 2023: Finance Ministry brings stricter norms for use of international credit card outside India.","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png","width":886,"height":590,"caption":"Ministry of Finance\u00a0"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/18\/use-of-international-credit-card-will-be-governed-by-schedule-iii-of-foreign-exchange-management-current-account-transactions-rules-2000-legal-news\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd","name":"Kriti","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd399db894c8c7120c1692bc4678f14b48d0de98ac8612d875dfe6be68c65940?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd399db894c8c7120c1692bc4678f14b48d0de98ac8612d875dfe6be68c65940?s=96&d=mm&r=g","caption":"Kriti"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/scc_8\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-510.png","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":295832,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/03\/mof-reinserts-rule-relating-to-use-of-international-credit-card-oustide-india-legal-news\/","url_meta":{"origin":292496,"position":0},"title":"MoF mandates prior approval of RBI to Use International Credit Card overseas for making transactions covered under Schedule III","author":"Kriti","date":"July 3, 2023","format":false,"excerpt":"On 30-6-2023, the Ministry of Finance further amended the Foreign Exchange Management (Current Account Transactions) Rules, 2000. It will be deemed to have been came into effect on 16-5-2023. Rule 7 has been re-inserted relating to Use of International Credit Card while outside India. Earlier, Rule 7 was omitted vide\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"ministry of finance","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/ministry-of-finance.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/ministry-of-finance.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/ministry-of-finance.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/ministry-of-finance.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":293575,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/06\/01\/legislation-roundup-may-2023-legal-update\/","url_meta":{"origin":292496,"position":1},"title":"LEGISLATION ROUNDUP- MAY: 16+ Stories on SPG for PM\u2019s Security; Type III Buses protection from fire; LG control on \u2018Services\u2019","author":"Kriti","date":"June 1, 2023","format":false,"excerpt":"MINISTRY OF CORPORATE AFFAIRS MCA tightens norms for closure of firms vide Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2023 On 10-5-2023, the Ministry of Corporate Affairs notified the Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules,\u2026","rel":"","context":"In "Legal RoundUp"","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"legislation roundup may 2023","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/legislation-roundup-may-2023.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/legislation-roundup-may-2023.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/legislation-roundup-may-2023.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/legislation-roundup-may-2023.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":226647,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/rbi-notifies-foreign-exchange-management-foreign-exchange-derivative-contracts-first-amendment-regulations-2020\/","url_meta":{"origin":292496,"position":2},"title":"RBI Notifies — Foreign Exchange Management (Foreign Exchange Derivative Contracts) (First Amendment) Regulations, 2020","author":"Bhumika Indulia","date":"March 6, 2020","format":false,"excerpt":"The Foreign Exchange Management (Foreign Exchange Derivative Contracts) (First Amendment) Regulations, 2020. Reserve Bank of India notifies Foreign Exchange Management (Foreign Exchange Derivative Contracts) (First Amendment) Regulations, 2020. 2. Amendments i. In para 2 (Definitions) of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 (Notification No. FEMA 25\/RB-2000\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":298169,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/31\/legislation-roundup-july-2023-legal-update\/","url_meta":{"origin":292496,"position":3},"title":"Legislation July Roundup 2023: 15+ Stories on Changes in GST Rates on Casino, Online Gaming etc; Introduction of IFSC Banking Company and Unit; SEBI Circulars; and more","author":"Kriti","date":"July 31, 2023","format":false,"excerpt":"LOK SABHA Lok Sabha passes Repealing and Amending Bill 2022 to repeal 76 obsolete laws The Repealing and Amending Bill, 2022 was introduced in the Lok Sabha by the then Union Law Minister, Kiren Rijiju on 19-12-2022 with a view to repealing 65 obsolete Laws. Now, the present Law Minister,\u2026","rel":"","context":"In "Legal RoundUp"","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"legislation roundup july 2023","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/legislation-roundup-july-2023.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/legislation-roundup-july-2023.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/legislation-roundup-july-2023.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/legislation-roundup-july-2023.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":266261,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/05\/01\/legislations-monthly-roundup-april-2022\/","url_meta":{"origin":292496,"position":4},"title":"Legislations | Monthly RoundUp [April, 2022]","author":"Bhumika Indulia","date":"May 1, 2022","format":false,"excerpt":"MINISTRY OF AYUSH Drugs (4th Amendment) Rules, 2022 On April 04, 2022, the Central Government has notified the Drugs (4th Amendment) Rules, 2022 to further amend the Drugs Rules, 1945. This has come into force on April 4, 2022. READ MORE HERE MINISTRY OF CORPORATE AFFAIRS Nidhi (Amendment) Rules, 2022\u2026","rel":"","context":"In "Legal RoundUp"","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-210.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-210.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-210.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-210.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-210.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":310402,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/12\/30\/rbi-notified-foreign-exchange-management-manner-of-receipt-and-payment-regulations-2023-legal-news\/","url_meta":{"origin":292496,"position":5},"title":"RBI notifies FEM (Manner of Receipt and Payment) Regulations, 2023 mandating permission from RBI for Trade outside India","author":"Kriti","date":"December 30, 2023","format":false,"excerpt":"On 21-12-2023, the Reserve Bank of India (\u2018RBI\u2019) notified the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 mandating permission of RBI to make or receive payments from a person residing outside India. The provisions came into force on 21-12-2023. Key Points: These Regulations will be governed by\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"rbi","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/292496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67515"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=292496"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/292496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/284863"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=292496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=292496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=292496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}