https://www.taxtmi.com/acts?id=2291 A person resident in India is generally prohibited from opening, holding or maintaining a Foreign Currency Account except where authorised by law. Foreign Currency Accounts held before these Regulations with Reserve Bank permission are deemed valid under the Regulations. The Reserve Bank may, on application, permit a resident to open or hold such an account and may impose terms and conditions for that permission. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2291 A person resident in India is generally prohibited from opening, holding or maintaining a Foreign Currency Account except where authorised by law. Foreign Currency Accounts held before these Regulations with Reserve Bank permission are deemed valid under the Regulations. The Reserve Bank may, on application, permit a resident to open or hold such an account and may impose terms and conditions for that permission. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2291