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Monday, December 27, 2010

FOREIGN EXCHANGE MANAGEMENT ACT...

(a) Deal in or transfer any foreign exchange or foreign security to any person
not being an authorised person;
(b) Make any payment to or for the credit of any person resident outside India
in any manner;
(c) Receive otherwise through an authorised person, any payment by order or
on behalf of any person resident outside India in any manner,.....

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