Opening Foreign Currency Accounts Made Easier: RBI Notifies Seventh FEMA Amendment (2025)
RBI allows exporters to open foreign currency accounts in IFSCs under FEMA 2025 amendment, effective immediately.
Foreign Currency Accounts
RBI re-defines ‘Startup’ vide Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Fourth Amendment) Regulations, 2024
The 2024 Regulations have amended the meaning of startup in the explanations to Regulation 5 and Schedule I para 1 (vii) of the 2015 Regulations.
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