Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Detailed Regulatory Framework for Establishing Offshore Banking Units in Special Economic Zones Under FEMA Notification</h1> The statutory provision outlines the procedure for establishing an Offshore Banking Unit (OBU) in a Special Economic Zone (SEZ). Applicants must submit an application to the Reserve Bank of India using Form VI under the Banking Regulation Act, 1949. The terms and conditions for setting up and operating an OBU are specified in the Reserve Bank of India's FEMA notification, subject to periodic amendments.