Examine with reference to the provisions of the Foreign Exchange Management Act, 1999 whether there are any
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Question:
Examine with reference to the provisions of the Foreign Exchange Management Act, 1999 whether there are any restrictions in respect of the following:-
i)Drawal of Foreign Exchange for payments due on account of Amortization of loans in the ordinary course of business.
ii)A person who has been a U.S.A. resident for several years is planning to return to India permanently. Can he continue to hold the investment made by him in the securities issued by the companies in the U.S.A.?
iii) A person resident outside India proposes to invest in the shares of an Indian company engaged in plantation activities
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