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Satya Prasad

Tuesday, April 3, 2012. Liberalisation of openingholdingmaintaining Foreign Currency Accounts. The RBI vide A. P. DIR Series Circular No.101 dated 02.04.2012 liberalised the regulations pertaining to opening holding maintaining the Foreign Currency Account by Indian party outside India. An Indian party will now be allowed to open, hold and maintain Foreign Currency Account FCA abroad for the purpose of overseas direct investments subject to the following terms and conditions. The FCA so opened .
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Satya Prasad

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Tuesday, April 3, 2012. Liberalisation of openingholdingmaintaining Foreign Currency Accounts. The RBI vide A. P. DIR Series Circular No.101 dated 02.04.2012 liberalised the regulations pertaining to opening holding maintaining the Foreign Currency Account by Indian party outside India. An Indian party will now be allowed to open, hold and maintain Foreign Currency Account FCA abroad for the purpose of overseas direct investments subject to the following terms and conditions. The FCA so opened .

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This web page cssatyaprasad.blogspot.com states the following, "Tuesday, April 3, 2012." We saw that the webpage said " Liberalisation of openingholdingmaintaining Foreign Currency Accounts." It also said "2012 liberalised the regulations pertaining to opening holding maintaining the Foreign Currency Account by Indian party outside India. An Indian party will now be allowed to open, hold and maintain Foreign Currency Account FCA abroad for the purpose of overseas direct investments subject to the following terms and conditions. The FCA so opened ."

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