Withdrawal of general permission for Overseas Corporate Bodies changes permitted foreign exchange transactions and compliance obligations. The Regulations withdraw the general permission previously available to Overseas Corporate Bodies (OCBs) for foreign exchange transactions, requiring that ... Summary
Withdrawal of general permission for Overseas Corporate Bodies changes permitted foreign exchange transactions and compliance obligations.
The Regulations withdraw the general permission previously available to Overseas Corporate Bodies (OCBs) for foreign exchange transactions, requiring that such transactions now be governed by any specific permissions or separate approval regimes under the Foreign Exchange Management framework.
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