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        FEMA

        RBI amends Foreign Exchange Management Regulations, extending...

        RBI Extends Diamond Dollar Account Qualification Period from 2 to 3 Years Under New FEMA Regulation Amendment

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                          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.
                                RBI amends Foreign Exchange Management Regulations, extending Diamond Dollar Account qualification period from 2 to 3 years through the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Sixth Amendment) Regulations, 2025. The amendment modifies Schedule II of the principal regulations, specifically altering the timeframe for Diamond Dollar Account applications. The regulatory change takes effect from the date of official gazette publication, implementing a strategic adjustment to foreign currency account management for residents in India under FEMA provisions.
                                Note: It is a system-generated summary and is for quick reference only.
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