GIC Unit currency rules require operations and balance sheets in specified foreign currencies; INR account allowed for expenses. GIC Units must carry out operations in Specified Foreign Currency, may open an INR account to defray administrative and statutory expenses and other ... Summary
GIC Unit currency rules require operations and balance sheets in specified foreign currencies; INR account allowed for expenses.
GIC Units must carry out operations in Specified Foreign Currency, may open an INR account to defray administrative and statutory expenses and other lawfully permitted purposes, and must maintain their balance sheet in any of the Specified Foreign Currencies.
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