Whether SNRR account holder can receive proceeds or make payments from/to the offshore accounts of the other offshore entities (i.e. other than the non-resident SNRR account holder)?
Special Non-Resident Rupee Accounts - As on Nov 19, 2020
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SNRR account restrictions: payments and receipts limited to the account holder's own offshore accounts under permitted rules. SNRR account holders may only make or receive eligible payments with the offshore accounts of the same non-resident entity that holds the SNRR account; dealings with offshore accounts of other non-resident entities are not permitted.
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.
SNRR account restrictions: payments and receipts limited to the account holder's own offshore accounts under permitted rules.
SNRR account holders may only make or receive eligible payments with the offshore accounts of the same non-resident entity that holds the SNRR account; dealings with offshore accounts of other non-resident entities are not permitted.
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