https://www.taxtmi.com/acts?id=2296 Regulation 7 permits specified residents - authorised dealers, Indian bank branches abroad, shipping/airline companies, insurers, exporters with approved projects, Indian entities operating overseas offices/branches/representatives, students, exhibition participants, deputed employees and Indian parties making overseas direct investments - to open, hold and maintain foreign currency accounts outside India subject to RBI and host country regulations, conditions on remittances and use, limits on funds for initial and recurring expenses, tax compliance for salary remittances, mandatory repatriation and account closure triggers, and rules governing utilisation and reporting for overseas direct investments. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 16:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2296 Regulation 7 permits specified residents - authorised dealers, Indian bank branches abroad, shipping/airline companies, insurers, exporters with approved projects, Indian entities operating overseas offices/branches/representatives, students, exhibition participants, deputed employees and Indian parties making overseas direct investments - to open, hold and maintain foreign currency accounts outside India subject to RBI and host country regulations, conditions on remittances and use, limits on funds for initial and recurring expenses, tax compliance for salary remittances, mandatory repatriation and account closure triggers, and rules governing utilisation and reporting for overseas direct investments. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2296