https://www.taxtmi.com/circulars?id=53697 This Master Circular consolidates procedures for opening and maintaining Rupee and foreign currency vostro accounts of non resident Exchange Houses under Rupee Drawing Arrangements and Foreign Currency Drawing Arrangements. It prescribes three operational procedures-DDA, Non DDA and Speed Remittance-specifying funding, auditing/monitoring, lien, float and collateral measures, permissible inward personal remittances and narrowly defined payments, strict KYC/AML/CFT compliance, prohibition of cash disbursements, credit only account operation, and detailed reporting and board review obligations using prescribed annexed formats. en-us Wed, 01 Jul 2015 00:00:00 +0530 Fri, 26 Jul 2024 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53697 This Master Circular consolidates procedures for opening and maintaining Rupee and foreign currency vostro accounts of non resident Exchange Houses under Rupee Drawing Arrangements and Foreign Currency Drawing Arrangements. It prescribes three operational procedures-DDA, Non DDA and Speed Remittance-specifying funding, auditing/monitoring, lien, float and collateral measures, permissible inward personal remittances and narrowly defined payments, strict KYC/AML/CFT compliance, prohibition of cash disbursements, credit only account operation, and detailed reporting and board review obligations using prescribed annexed formats. Circulars FEMA Wed, 01 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53697