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TMI BlogForeign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025X X X X Extracts X X X X X X X X Extracts X X X X ..... ification No. FEMA 5(R)(5)/2025-RB. In exercise of the powers conferred by sub-section (2) of section 6 and 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 (Deposit) Regulations, 2016 ( Notification No. FEMA 5 (R) /2016-RB dated April 01, 2016 ) (hereinafter referred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith these regulations is permitted. 4 . In the principal regulations in schedule 4 , the existing paragraph 1 shall be substituted by the following namely:- A person resident outside India, having business interest in India, may open a Special Non-Resident Rupee Account (SNRR account), with an authorised dealer in India or its branch outside India for the purpose of putting through permissible cur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... period of operation / the business of the account holder. 7. In the principal regulations , within paragraphs 9, 11 and 12 of schedule 4 , after the words SNRR account the words in India shall be inserted. 8. In the principal regulations , within paragraph 13 of schedule 4 , after the words account holder the words having the SNRR account in India shall be inserted. Dr. ADITYA GAIHA, Chief General ..... X X X X Extracts X X X X X X X X Extracts X X X X
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