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Other deposits made or held by authorised dealer

Regulation 7 - Regulation - Foreign Exchange Management (Deposit) Regulations, 2016 - Regulation 7 - 7. :- 1) A deposit made by an authorised dealer with its branch, head office or correspondent outside India, and a deposit made by a branch or corres .....

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d and maintain a Foreign Currency Account with an authorized dealer for meeting the local expenses in India of such airline or shipping company: Provided that the credits to such accounts are only by way of freight or passage fare collections in Indi .....

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ith Indian entities, executing a contract in India, to open and maintain non-interest bearing foreign currency account and a SNRR account as specified in schedule 4 for the purpose of undertaking transactions in the ordinary course of its business. T .....

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