Foreign exchange deposit regulation governs resident and non-resident deposits, replacing the earlier framework with specified commencement arrangements. Foreign Exchange Management (Deposit) Regulations, 2016 regulate deposits between persons resident in India and persons resident outside India. Made under ... Summary
Foreign exchange deposit regulation governs resident and non-resident deposits, replacing the earlier framework with specified commencement arrangements.
Foreign Exchange Management (Deposit) Regulations, 2016 regulate deposits between persons resident in India and persons resident outside India. Made under the Foreign Exchange Management Act, 1999, they supersede the earlier deposit-regulation framework issued in 2000 and its subsequent amendments. The Regulations take effect on publication in the Official Gazette, except Regulation 7(2), which operates from 21 January 2016.
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