Foreign exchange deposit regulations establish RBI authority over cross border deposits and set commencement and supersession rules. Regulations designate the Reserve Bank as the regulatory authority for deposits between residents and non residents, supersede an earlier notification, ... Summary
Foreign exchange deposit regulations establish RBI authority over cross border deposits and set commencement and supersession rules.
Regulations designate the Reserve Bank as the regulatory authority for deposits between residents and non residents, supersede an earlier notification, and set that the regulations take effect on official publication except for a specific sub provision which is deemed effective from an earlier date, clarifying temporal application and transitional effect.
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