Foreign Exchange Management Act, 1999 – Current Account Transactions

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Management Act, 1999 - Current Account Transactions The authorised dealers have been permitting the Indian companies to open Trading Office / Non-Trading Office / Branch Office / Representative Office abroad and allowing remittance for initial expenses and recurring expenses for maintenance of such office abroad. The authorised dealers are required to obtain from the applicants a statement in for....