0% found this document useful (0 votes)
184 views

Fema

1) The document is a declaration form for foreign exchange transactions under Indian law where the applicant declares that the transaction does not violate any foreign exchange laws or regulations. 2) The applicant agrees to provide any information or documents reasonably requested to verify the transaction. 3) If the applicant refuses or provides unsatisfactory information, the bank is authorized to refuse the transaction and report the matter to currency authorities.

Uploaded by

Abhishek2009GWU
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
184 views

Fema

1) The document is a declaration form for foreign exchange transactions under Indian law where the applicant declares that the transaction does not violate any foreign exchange laws or regulations. 2) The applicant agrees to provide any information or documents reasonably requested to verify the transaction. 3) If the applicant refuses or provides unsatisfactory information, the bank is authorized to refuse the transaction and report the matter to currency authorities.

Uploaded by

Abhishek2009GWU
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 1

Form 2

DECLARATION-cum-UNDERTAKING
[Under Sec 10(5), Chapter III of the Foreign Exchange Management Act,1999]

I/We hare by declare that the transaction the details of which are specifically mentioned in the
Schedule hereunder does not involve, and is not designed for the aforesaid Act or of any rule,
regulation, notification, direction or order made there under.

I/We also hereby agree and undertake to give such information/documents as will reasonably
satisfy you about this transaction in terms of the above declaration.

I/We also understand that if I/We refuse to comply with any such requirement or make only
unsatisfactory compliance therewith, the Bank shall refuse in writing to undertake the transaction
and shall if it has reason to believe that any contravention /evasion is contemplated by me/us
report the matter to Reserve Bank of India.

I/We further declare that the undersigned had/have the authority to give this declaration and
undertaking on behalf of the firm/company.

Auth signatory
______________________________________
Signature of the applicant for Foreign Exchange
Place: JAIPUR
Date:
* Applicable when the declaration/undertaking is signed on behalf of the firm / Co.

SCHEDULE
Nature/Purpose of Foreign:
Exchange Transaction
Amount of Foreign Exchange:
Beneficiary:
____________________________________________________________________________

For office Use: Details of documentary evidence verified


1.
2.
3.
4.
5.

You might also like