Chapter 01 - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 (From Regulation 1 to SCHEDULE II)
Foreign Currency Accounts regulation establishes permissible opening, holding and limit conditions for resident foreign currency accounts. The Reserve Bank of India, under FEMA authority, prescribes regulations for the opening, holding and maintenance of Foreign Currency Accounts by persons resident in India, sets limits on amounts that may be held, supersedes the prior notification, and names the instrument as the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, effective on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Foreign Currency Accounts regulation establishes permissible opening, holding and limit conditions for resident foreign currency accounts.
The Reserve Bank of India, under FEMA authority, prescribes regulations for the opening, holding and maintenance of Foreign Currency Accounts by persons resident in India, sets limits on amounts that may be held, supersedes the prior notification, and names the instrument as the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, effective on publication in the Official Gazette.
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