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FEMA - Highlights / Catch Notes

Home Highlights April 2024 Year 2024 This

Foreign Exchange Management (Foreign Currency Accounts by a ...

FEMA

April 28, 2024

Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024. - Notification revises the provisions of regulation 5 related to the holding of funds in foreign currency accounts by entities that have raised resources through External Commercial Borrowings (ECB), American Depository Receipts (ADRs), Global Depository Receipts (GDRs), or direct listings of equity shares on international exchanges.

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