https://www.taxtmi.com/acts?id=19370 Regulation 4 permits a financial institution or branch in the International Financial Services Centre to conduct business in such foreign currency and with such persons as the concerned Regulatory Authority determines, while a proviso authorises the Reserve Bank, by general or specific permission, to allow those institutions or branches to transact in Indian Rupee with persons, resident or otherwise. en-us Fri, 27 Mar 2015 11:38:10 +0530 Tue, 17 Jun 2025 18:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19370 Regulation 4 permits a financial institution or branch in the International Financial Services Centre to conduct business in such foreign currency and with such persons as the concerned Regulatory Authority determines, while a proviso authorises the Reserve Bank, by general or specific permission, to allow those institutions or branches to transact in Indian Rupee with persons, resident or otherwise. Act-Rules FEMA Fri, 27 Mar 2015 11:38:10 +0530 https://www.taxtmi.com/acts?id=19370