https://www.taxtmi.com/acts?id=54119 All transactions undertaken by a foreign exchange correspondent must be reflected in the books of account of the relevant principal. An FxC may act as agent for more than one authorised dealer, and with the approval of its principal may deal in foreign exchange with another FxC or authorised person other than its principal. The provision sets out the accounting, agency, and inter-participant dealing conditions governing the functioning of an FxC. en-us Wed, 06 May 2026 17:33:55 +0530 Wed, 06 May 2026 17:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54119 All transactions undertaken by a foreign exchange correspondent must be reflected in the books of account of the relevant principal. An FxC may act as agent for more than one authorised dealer, and with the approval of its principal may deal in foreign exchange with another FxC or authorised person other than its principal. The provision sets out the accounting, agency, and inter-participant dealing conditions governing the functioning of an FxC. Act-Rules FEMA Wed, 06 May 2026 17:33:55 +0530 https://www.taxtmi.com/acts?id=54119