https://www.taxtmi.com/acts?id=2118 Regulation 5 prohibits an Offshore Banking Unit from conducting activities or transactions with residents in India except where these Regulations otherwise provide or where the Reserve Bank grants permission; OBUs must ensure transactions either fall within a regulatory exception or have prior Reserve Bank authorization before engaging with residents. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 18 Jun 2025 10:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2118 Regulation 5 prohibits an Offshore Banking Unit from conducting activities or transactions with residents in India except where these Regulations otherwise provide or where the Reserve Bank grants permission; OBUs must ensure transactions either fall within a regulatory exception or have prior Reserve Bank authorization before engaging with residents. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2118