https://www.taxtmi.com/acts?id=20369 Regulation 5 permits specified persons resident in India to open, hold and maintain foreign currency accounts outside India for defined foreign-exchange, business, investment, export and personal purposes. Indian entities may maintain overseas accounts for normal operations of overseas offices, branches and representatives, subject to remittance limits, compliance conditions, closure requirements and repatriation of balances. Exporters, overseas direct investors and eligible startups may maintain accounts for authorised export, investment and overseas subsidiary purposes, subject to applicable utilisation, reporting and repatriation requirements. en-us Mon, 08 Feb 2016 10:34:22 +0530 Wed, 09 Sep 2026 14:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20369 Regulation 5 permits specified persons resident in India to open, hold and maintain foreign currency accounts outside India for defined foreign-exchange, business, investment, export and personal purposes. Indian entities may maintain overseas accounts for normal operations of overseas offices, branches and representatives, subject to remittance limits, compliance conditions, closure requirements and repatriation of balances. Exporters, overseas direct investors and eligible startups may maintain accounts for authorised export, investment and overseas subsidiary purposes, subject to applicable utilisation, reporting and repatriation requirements. Act-Rules FEMA Mon, 08 Feb 2016 10:34:22 +0530 https://www.taxtmi.com/acts?id=20369