Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024.

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..... Currency Accounts by a person resident in India) (Amendment) Regulations, 2024 Notification No. FEMA. 10R(3)/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 a pe .....

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..... Depository Receipts (ADRs) or Global Depository Receipts (GDRs) or through direct listing of equity shares of companies incorporated in India on International Exchanges, the funds so raised may, pending their utilisation or repatriation to India, be held in foreign currency accounts with a bank outside India. LATHA RADHAKRISHNAN, General Manager-in-Charge [ADVT.-III/4/Exty./043/2024-25] Foot Note .....

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