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of <h1>Authorized dealers must follow RBI directions and submit returns for foreign currency accounts under Regulation 11</h1> Regulation 11 of the Foreign Exchange Management Act establishes responsibilities for authorized dealers maintaining foreign currency accounts for Indian residents. Authorized dealers must comply with all directions issued by the Reserve Bank of India and submit periodic returns or statements as required by the central bank. This regulation ensures regulatory oversight and compliance monitoring of foreign currency account operations by authorized financial institutions under India's foreign exchange management framework.
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