Responsibility of authorised dealers: comply with Reserve Bank directions and submit stipulated periodic reports for foreign currency accounts. An authorised dealer maintaining foreign currency accounts must comply with directions issued by the Reserve Bank and submit periodic returns or statements as stipulated by the Reserve Bank, establishing ongoing obligations of regulatory compliance and reporting for such account maintenance.
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.
Responsibility of authorised dealers: comply with Reserve Bank directions and submit stipulated periodic reports for foreign currency accounts.
An authorised dealer maintaining foreign currency accounts must comply with directions issued by the Reserve Bank and submit periodic returns or statements as stipulated by the Reserve Bank, establishing ongoing obligations of regulatory compliance and reporting for such account maintenance.
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