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Accounting and Auditing in India – The past, present and future
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As It Was, Is and May Be
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VAT/GST: A frightening but fascinating future-world…!
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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President and CEO of The Institute of Internal Auditors
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A voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
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March 2013

Exchange Earner’s Foreign Currency (EEFC) Account, Diamond Dollar Account (DDA) & Resident Foreign Currency (RFC) Domestic Account

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, EEFC, RFC (Domestic) and Diamond Dollar account holders can access the foreign exchange market for purchasing foreign exchange only after utilizing fully the available balances in their foreign currency account. This circular has removed the said restriction. Hence, EEFC, RFC (Domestic) and Diamond Dollar account holders can now access the foreign exchange market for purchasing foreign exchange without fully utilizing the available balances in their foreign currency account.

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March 2013

Exchange Earner’s Foreign Currency (EEFC) Account, Diamond Dollar Account (DDA) & Resident Foreign Currency (RFC) Domestic Account

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SEBI Investment Advisers Regulations — Formal Birth of a New Profession

Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt

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March 2013

Exchange Earner’s Foreign Currency (EEFC) Account, Diamond Dollar Account (DDA) & Resident Foreign Currency (RFC) Domestic Account

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You May Also Like

SEBI Investment Advisers Regulations — Formal Birth of a New Profession

Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt