https://www.taxtmi.com/forum/issue?id=1785 Opening a Non Resident Ordinary Rupee (NRO) account by foreign individuals or entities generally does not require prior Reserve Bank approval; however, individuals or entities of Bangladesh or Pakistan nationality or ownership must obtain prior approval. This rule governs account opening and the ability to dispose of shares and repatriate proceeds, as reflected in the FEMA master circular referenced. en-us Thu, 18 Feb 2010 23:06:54 +0530 Thu, 23 Jan 2025 15:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1785 Opening a Non Resident Ordinary Rupee (NRO) account by foreign individuals or entities generally does not require prior Reserve Bank approval; however, individuals or entities of Bangladesh or Pakistan nationality or ownership must obtain prior approval. This rule governs account opening and the ability to dispose of shares and repatriate proceeds, as reflected in the FEMA master circular referenced. Discussion-Forum FEMA Thu, 18 Feb 2010 23:06:54 +0530 https://www.taxtmi.com/forum/issue?id=1785