TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Guidelines for Non-Resident Exchange Houses on Vostro Accounts with Indian Banks under Rupee Drawing Arrangement, Complying with FEMA 1999.</h1> The circular provides guidelines for the opening and maintenance of Rupee/Foreign Currency Vostro Accounts by non-resident exchange houses with Authorized Category I banks in India. It outlines the Rupee Drawing Arrangement (RDA) as a channel for cross-border remittances, detailing the necessary compliance with the Foreign Exchange Management Act, 1999. The document specifies the procedures for account operations, including permitted transactions, collateral requirements, and reporting obligations. It also addresses various types of drawing arrangements and emphasizes adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) standards, ensuring regulatory compliance and internal control measures.
TaxTMI 
TaxTMI 
