Diamond Dollar Account (DDA) – Reporting Mechanism

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Full Text of the Document

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....Reporting under Foreign Exchange Management Act, 1999, as updated from time to time, in terms of which AD Category-I banks have been advised to submit quarterly reports giving details of the name and address of the firm/company in whose name the Diamond Dollar Account is opened, along with the date of opening / closing the Diamond Dollar Account to Chief General Manger-in- Charge, Foreign Exchange....