Relaxed Norms for opening of FPI, FVCI and NRO accounts
RBI has released a circular on 28th March, 2019 to all Category – I Authorised Dealers (ADs) regarding the changed norms for opening of accounts by foreign portfolio investors (FPIs) and foreign venture capital investors (FVCIs), and opening of non-resident ordinary (NRO) account by long-term visa (LTV) holders. Following instructions have been given to Authorised […]
RBI approval not required for branch office if approval obtained from Government/ Ministry/ Regulator
RBI has issued directions to all the Authorised Dealer (AD – Category I) vide notification dated March 28, 2019 under Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016. It has been advised to ADs that for opening of […]
