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        FEMA

        Regulation 3 - Offshore Banking Unit, and save as otherwise directed by the Reserve Bank.................

        Foreign Exchange Management (Offshore Banking Unit) Regulations, 2002

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        Offshore Banking Unit status: not treated as authorised dealer for statutory purposes unless specifically directed otherwise. Offshore Banking Unit not treated as an authorised dealer for the purposes of the Act, rules, or regulations, notwithstanding the parent bank's authorised-dealer status, except where a regulatory direction provides otherwise.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Offshore Banking Unit status: not treated as authorised dealer for statutory purposes unless specifically directed otherwise.

                                Offshore Banking Unit not treated as an authorised dealer for the purposes of the Act, rules, or regulations, notwithstanding the parent bank's authorised-dealer status, except where a regulatory direction provides otherwise.


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