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        FEMA

        Regulation 6 - Other Deposits made or held by Authorised Dealer

        Foreign Exchange Management (Deposit) Regulations, 2000

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        Authorised dealer deposit governance requires adherence to directions for offshore branch and correspondent deposits recorded in India. Regulation 6 provides that deposits made by an authorised dealer with its branch, head office or correspondent outside India, and deposits made by such foreign branches or correspondents and held in the dealer's books in India, are governed by directions issued by the monetary regulator from time to time.
                          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.

                                Authorised dealer deposit governance requires adherence to directions for offshore branch and correspondent deposits recorded in India.

                                Regulation 6 provides that deposits made by an authorised dealer with its branch, head office or correspondent outside India, and deposits made by such foreign branches or correspondents and held in the dealer's books in India, are governed by directions issued by the monetary regulator from time to time.


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