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Restriction on holding foreign currency account by a person resident in India

Regulation 3 - Regulation - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regula .....

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rson resident in India shall open or hold or maintain a foreign currency account: Provided that a Foreign Currency Accou .....

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permission of the Reserve Bank, shall be deemed to be held or maintained under these Regulations: Provided further that .....

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