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

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....oreign 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 (Foreign Currency Accounts by....

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....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 by the Department for Promotion of Industry and Internal Trade pursuant to ....