Attorneys at Law Since 1964

Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015

Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015

Dated- 23.06.2016

 

In line with the Government of India’s startup initiative, it has been decided that an Indian startup, having an overseas subsidiary, may open a foreign currency account with a bank outside India for the purpose of crediting to the account the foreign exchange earnings out of exports/sales made by the said startup or its overseas subsidiary.

 

 

Leave a comment

Newsletter


Offices

61, TTK Road, Alwarpet, Chennai 600 018

2283, 14th A Main Road, HAL 2nd Stage, Indiranagar, Bengaluru 560008

Top