https://www.taxtmi.com/manuals?id=2934 Section 10(4) obliges an authorised person to follow all RBI directions in foreign exchange and foreign securities dealings and prohibits transactions outside the authorisation without prior RBI permission. Recent RBI guidance permits certain LRS remittances to IFSCs and opening of Foreign Currency Accounts in IFSCs for permitted purposes. Procedurally, authorised dealers may release foreign exchange on basic applicant information but must now obtain Form A2 for all cross border remittances irrespective of transaction value, reflecting tightened documentation and reporting requirements. en-us Tue, 27 Jun 2023 18:30:00 +0530 Tue, 17 Feb 2026 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2934 Section 10(4) obliges an authorised person to follow all RBI directions in foreign exchange and foreign securities dealings and prohibits transactions outside the authorisation without prior RBI permission. Recent RBI guidance permits certain LRS remittances to IFSCs and opening of Foreign Currency Accounts in IFSCs for permitted purposes. Procedurally, authorised dealers may release foreign exchange on basic applicant information but must now obtain Form A2 for all cross border remittances irrespective of transaction value, reflecting tightened documentation and reporting requirements. Manuals FEMA Tue, 27 Jun 2023 18:30:00 +0530 https://www.taxtmi.com/manuals?id=2934