FEMA (DEPOSIT) (AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN SCHEDULE 3 - NON-RESIDENT ORDINARY RUPEE (NRO) ACCOUNT SCHEME REGARDING

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....xercise of the powers conferred by clause (f) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000 (Notification No. FEMA. 5/2000-RB, dated May 3, 2000), namely: - Short title and commencement:- 1. (i) Thes....

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....e (FRO)/ Foreigner Regional Registration Office (FRRO) concerned; (D) Opening of accounts by entities of Bangladesh ownership requires approval of Reserve Bank." (b) In Paragraph 10, after sub-para (ii) the following sub-para shall be inserted "(iii) The accounts' opened by an authorised dealer or an authorised bank in respect of individual/s of Bangladesh nationality shall be reported by the a....