https://www.taxtmi.com/acts?id=2047 Withdrawal of general permission requires closure or conversion of OCB bank accounts with repatriation or transfer of balances, prohibition on granting facilities secured by OCB accounts, and non renewal of loans secured by OCB deposits. OCBs cannot make fresh investments; existing investments may only be transferred to eligible NRIs or sold on a recognised exchange at market rates; OCBs cannot participate in rights issues, and residents are barred from lending to or borrowing from OCBs with outstanding loans not to be renewed or accrue interest after due date. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 17 Jun 2025 18:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2047 Withdrawal of general permission requires closure or conversion of OCB bank accounts with repatriation or transfer of balances, prohibition on granting facilities secured by OCB accounts, and non renewal of loans secured by OCB deposits. OCBs cannot make fresh investments; existing investments may only be transferred to eligible NRIs or sold on a recognised exchange at market rates; OCBs cannot participate in rights issues, and residents are barred from lending to or borrowing from OCBs with outstanding loans not to be renewed or accrue interest after due date. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2047