Notwithstanding the status, as an authorised dealer, of the bank setting up the Offshore Banking Unit... https://www.taxtmi.com/acts?id=2116 Authorised-dealer status of the bank establishing an Offshore Banking Unit does not extend to the unit itself. The Offshore Banking Unit is not regarded as an authorised dealer for purposes of the Act and associated rules or regulations, unless the Reserve Bank directs otherwise. This treatment applies notwithstanding the authorised-dealer status held by the establishing bank. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 10 Sep 2026 13:17:47 +0530 TaxTMI RSS Generator Notwithstanding the status, as an authorised dealer, of the bank setting up the Offshore Banking Unit... https://www.taxtmi.com/acts?id=2116 Authorised-dealer status of the bank establishing an Offshore Banking Unit does not extend to the unit itself. The Offshore Banking Unit is not regarded as an authorised dealer for purposes of the Act and associated rules or regulations, unless the Reserve Bank directs otherwise. This treatment applies notwithstanding the authorised-dealer status held by the establishing bank. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2116