Tag Archives: foreign currency accounts

FEM Foreign Currency Accounts by person resident in India amendment Regulations 2016

By | June 8, 2016

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) Notification No. FEMA 10(R)/(1)/2016-RB Mumbai, the 1st June, 2016 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2016 G.S.R. 570(E).—In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2) of section 47 of the Foreign… Read More »

Foreign currency accounts by person resident in India

By | February 5, 2016

Source : Reserve Bank of India RBI/2015-16/309 A.P. (DIR Series) Circular No.44/2015-16 [(1)/10(R)] February 04, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11… Read More »

RBI Amends regulations for Foreign Currency Accounts by person resident in India

By | January 28, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) NOTIFICATION Mumbai, the 21st January, 2016 No. FEMA 10(R)/2015—RB Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 G.S.R. 96(E).—In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2)… Read More »

RBI Master Direction on maintaining foreign currency accounts by a person resident in India

By | January 5, 2016

RBI/FED/2015-16/9 FED Master Direction No. 14/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction – Deposits and Accounts Opening, holding and maintaining foreign currency accounts by a person resident in India is regulated in terms of section 9 of the Foreign Exchange Management Act,… Read More »