Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Fourth Amendment) Regulations, 2024

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....eign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Fourth Amendment) Regulations, 2024 No. FEMA 10 (R)/(4)/2024-RB.- In exercise of the powers conferred by section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in the Foreign Exchange Management ....

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....suant to notification number G.S.R. 127(E) dated February 19, 2019, and as amended from time to time." ^1B[3]. Amendment to Schedule I of Exchange Earner's Foreign Currency (EEFC) Account Scheme: The explanation to para 1 (vii) of Schedule I shall be substituted as follows:- "Explanation: For the purpose of this schedule a 'startup' will mean an entity recognised as a startup ....