Bank-wide R-Return submission required: mandatory transition for all AD Category I banks beginning January 2009. All Authorised Dealer Category I banks must transition from branch-wise to bank-wide R-Return submission, with bank-wide reporting mandatory from the first fortnight of January 2009; banks previously had the option to submit bank-wide returns from November 2006 and were advised to create necessary infrastructure as branch-wise reporting would be phased out, the direction being issued under Sections 10(4) and 11(1) of the FEMA 1999.
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Provisions expressly mentioned in the judgment/order text.
Bank-wide R-Return submission required: mandatory transition for all AD Category I banks beginning January 2009.
All Authorised Dealer Category I banks must transition from branch-wise to bank-wide R-Return submission, with bank-wide reporting mandatory from the first fortnight of January 2009; banks previously had the option to submit bank-wide returns from November 2006 and were advised to create necessary infrastructure as branch-wise reporting would be phased out, the direction being issued under Sections 10(4) and 11(1) of the FEMA 1999.
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