Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Seventh Amendment) Regulations, 2025

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.... (Foreign Currency Accounts by a person resident in India) (Seventh Amendment) Regulations, 2025 No. FEMA 10(R)(7)/2025-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 amendments to the Foreign Exchange Management (Foreign Currency Account....

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....res Authority Act, 2019 (50 of 2019)." 3. In the principal regulations, in regulation 5, the sub-regulation (CA) shall be substituted by the following, namely:- "(CA). A person resident in India, being an exporter, may open, hold and maintain a Foreign Currency Account with a bank outside India, for realisation of full export value and advance remittance received by the exporter toward....

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.... regulation 5, the foreign currency accounts permitted to be opened 'outside India/abroad' can also be opened in International Financial Services Centre." N. SENTHIL KUMAR, Chief General Manager [ADVT.-III/4/Exty./396/2025-26] Footnote: The Principal Regulations were published in the Official Gazette of Government of India - Extraordinary -Part-II, Section 3, Sub-Section (i) dated 21.01.2....