https://www.taxtmi.com/notifications?id=25357 The regulations amend Schedule 1 to permit joint accounts for two or more non resident individuals (all being of Indian nationality or origin), allow joint accounts between non residents and residents including resident close relatives on a 'former or survivor' basis with resident close relatives authorised to operate as Power of Attorney holders during the NRI's lifetime, and define 'close relative' by reference to the Companies Act. Schedule 3 is amended to insert clauses permitting rupee amounts credited to NRI accounts subject to compliance with rules on receipts/payments with persons resident outside India and provisions on borrowing and lending in rupees. en-us Tue, 25 Sep 2012 00:00:00 +0530 Mon, 14 Jan 2013 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=25357 The regulations amend Schedule 1 to permit joint accounts for two or more non resident individuals (all being of Indian nationality or origin), allow joint accounts between non residents and residents including resident close relatives on a 'former or survivor' basis with resident close relatives authorised to operate as Power of Attorney holders during the NRI's lifetime, and define 'close relative' by reference to the Companies Act. Schedule 3 is amended to insert clauses permitting rupee amounts credited to NRI accounts subject to compliance with rules on receipts/payments with persons resident outside India and provisions on borrowing and lending in rupees. Notifications FEMA Tue, 25 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=25357