State the kind of approval required for the following transactions under the Foreign Exchange Management Act, 1999.:
(i) L a famous playback singer of India wants to perform a musical night in Paris for Indians residing there. Foreign exchange to the extent of US D 20,000 is required for this purpose.
(ii) M requires US D 5,000 to make payment related to ‘call back services’ of telephone.
(iii). N wants to pursue a course in business management in New York. He wants to draw US D 50,000 towards expenses for studying abroad.
(iv) R wants to draw US D 20,000 to make donation to a charitable trust situated in South Korea.
(i) L a famous playback singer of India wants to perform a musical night in Paris for Indians residing there. Foreign exchange to the extent of US D 20,000 is required for this purpose.
(ii) M requires US D 5,000 to make payment related to ‘call back services’ of telephone.
(iii). N wants to pursue a course in business management in New York. He wants to draw US D 50,000 towards expenses for studying abroad.
(iv) R wants to draw US D 20,000 to make donation to a charitable trust situated in South Korea.
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