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

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..... ement (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 (Foreign Currency Acco .....

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..... , and as amended from time to time. 6. 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 notification number G .....

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