https://www.taxtmi.com/acts?id=20777 Regulation 7 governs deposits and accounts maintained by an authorised dealer, requiring adherence to Reserve Bank directions for deposits with overseas branches or correspondents. It permits foreign shipping and airline companies to hold Foreign Currency Accounts for local expenses limited to specific credit sources, allows unincorporated joint ventures to maintain non-interest bearing foreign currency and SNRR accounts tied to contract tenure, enables foreign-resident accounts for export-import value adjustment with prior Reserve Bank approval, and provides for investor and margin accounts subject to Reserve Bank directions and applicable regulations. en-us Thu, 07 Apr 2016 12:01:37 +0530 Mon, 16 Jun 2025 17:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20777 Regulation 7 governs deposits and accounts maintained by an authorised dealer, requiring adherence to Reserve Bank directions for deposits with overseas branches or correspondents. It permits foreign shipping and airline companies to hold Foreign Currency Accounts for local expenses limited to specific credit sources, allows unincorporated joint ventures to maintain non-interest bearing foreign currency and SNRR accounts tied to contract tenure, enables foreign-resident accounts for export-import value adjustment with prior Reserve Bank approval, and provides for investor and margin accounts subject to Reserve Bank directions and applicable regulations. Act-Rules FEMA Thu, 07 Apr 2016 12:01:37 +0530 https://www.taxtmi.com/acts?id=20777