Receipt of foreign exchange in India is called Inward remittance. Apart from exports there are other transactions, which generate inward remittance. For example Non-resident Indian staying abroad may remit foreign exchange to their relatives in India. Inward remittances are usually in the nature of foreign currency notes, foreign currency traveller cheques, foreign currency cheques / foreign currency demand drafts and inward telex transfers. Part A
Part - A
Exchange Management Regulations
1. There are no restrictions on receiving re mittances from abroad through authorised dealers in foreign exchange in India.
(Note: General permission has been given by RBI to persons resident in India to retain with them foreign currency up to the value of USD 2,000. In other words, the amount held by residents should not exceed USD 2,000 or its equivalent at any point of time. The amount, which is in excess of USD 2,000 mentioned above, must be surrendered to an authorised dealer within a period of seven days of acquisition. Needless to state that the foreign exchange mentioned above should have been acquired by the resident in conformity with the provisions of the FEMA).
1.Schedule of Immovable property Mortgaged to our bank.
All that piece and parcel of immovable industrial Plot No. 6 property bearing No. 11 out of Old Sy. No. 69/2 and Sy. No. 138, New No. 69 situated at Raghavendra Colony, Yeshwanthpur, Bangalore — 560 022, Corporation Ward No. 2 and measuring 14327 sq ft ( Eastern side : 103.6 feet, Western side 155.6 feet, Northern side 150.3 feet and Southern side 70.8 feet ) and bounded on the :East by : Property No. 10 West by : Property belonging to RNS Motors, North by : Private property, South by : 30 feet road
Property owned by Mr.S.Nagaraji
DATE OF AUCTION SALE: 06.06.2016 @ 3.00. P.M.
EMD AMOUNT: RS.1,19,00,000/-
LAST DATE FOR SUBMISSION OF TENDER: 06.06.2016 @ 2.00 P.M.
CONTACT PERSON: CHIEF MANAGER,SULTANPET BRANCH: 080-22870328, Mobile:09342874656
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