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of <h1>Foreign shipping companies, airlines, and project offices can maintain foreign currency accounts in India under Regulation 6 FEMA 2000</h1> Regulation 6 of FEMA 2000 permits specific entities to open and maintain foreign currency accounts in India. Foreign shipping or airline companies and their agents may maintain such accounts for local expenses, with credits limited to freight collections or inward remittances. Ship-manning agencies can open non-interest bearing accounts for business transactions. Project offices of foreign companies executing projects in India may maintain non-interest bearing foreign currency accounts. Authorized banks may allow eligible firms to open Diamond Dollar Accounts under specified schemes, subject to Foreign Trade Policy compliance and Reserve Bank directions.
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