Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019

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..... 019 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019 G.S.R. 160(E). -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 amendments to the Foreign Exchange Management .....

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..... IRDA to open and maintain non-interest bearing foreign currency accounts in India for the purpose of undertaking transactions in the ordinary course of their business. [No. FEMA 10(R)(2)/2019-RB] R. K. MOOLCHANDANI, Chief General Manager Note : The Principal Regulations were published in the Official Gazette of Government of India Extraordinary Part-II, Section 3, Sub-Section .....

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