Reporting obligations for authorised dealer banks require annual branch data submission and head office certification under FEMA provisions. AD Category I banks must submit and update lists of branches authorised to deal in foreign exchange and report categorisation changes to the Reserve Bank using Proformae I/II via the RBIMOF application, email a soft copy to DESACS, confirm accuracy of publicly posted branch directories within one month if discrepancies arise, and have the head office furnish an annual certificate and summary confirming completeness and correctness of category-wise branch information to the Foreign Exchange Department by the prescribed annual deadline; these directions are issued under the Foreign Exchange Management Act.
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.
Reporting obligations for authorised dealer banks require annual branch data submission and head office certification under FEMA provisions.
AD Category I banks must submit and update lists of branches authorised to deal in foreign exchange and report categorisation changes to the Reserve Bank using Proformae I/II via the RBIMOF application, email a soft copy to DESACS, confirm accuracy of publicly posted branch directories within one month if discrepancies arise, and have the head office furnish an annual certificate and summary confirming completeness and correctness of category-wise branch information to the Foreign Exchange Department by the prescribed annual deadline; these directions are issued under the Foreign Exchange Management Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
