https://www.taxtmi.com/circulars?id=52645 The requirement for corporates to submit a Board resolution and a power of attorney for forex transactions has been replaced: a corporate may now submit a list of officials with names, designations and signatures authorised by the Managing Director or Chief Financial Officer to conduct foreign exchange transactions; franchisers remain responsible for ensuring agents and franchisees comply; corporates must pay the rupee leg of forex transactions through the corporate cheque or bank account; other instructions remain unchanged under FEMA and PMLA. en-us Mon, 20 Jan 2014 00:00:00 +0530 Mon, 20 Jan 2014 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52645 The requirement for corporates to submit a Board resolution and a power of attorney for forex transactions has been replaced: a corporate may now submit a list of officials with names, designations and signatures authorised by the Managing Director or Chief Financial Officer to conduct foreign exchange transactions; franchisers remain responsible for ensuring agents and franchisees comply; corporates must pay the rupee leg of forex transactions through the corporate cheque or bank account; other instructions remain unchanged under FEMA and PMLA. Circulars FEMA Mon, 20 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52645