Offshore Banking Unit engagement must transact only in foreign exchange and comply with regulations and licence conditions. Engagement of an Offshore Banking Unit in any of the forms of business specified under the relevant banking framework is confined to transactions denominated in foreign exchange and is subject to these Regulations and the conditions of the licence issued under the banking statute.
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Provisions expressly mentioned in the judgment/order text.
Offshore Banking Unit engagement must transact only in foreign exchange and comply with regulations and licence conditions.
Engagement of an Offshore Banking Unit in any of the forms of business specified under the relevant banking framework is confined to transactions denominated in foreign exchange and is subject to these Regulations and the conditions of the licence issued under the banking statute.
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