Question

FEMA Notification that deals with Foreign Currency Accounts by a person resident in India is

A FEMA 10 (R) Correct Answer Incorrect Answer
B FEMA 3 (R) Correct Answer Incorrect Answer
C FEMA 22 (R) Correct Answer Incorrect Answer
D FEMA 14 (R) Correct Answer Incorrect Answer
E FEMA 2 (R) Correct Answer Incorrect Answer

Solution

The relevant principal regulations are the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2015 issued vide Notification No. FEMA 10(R)/2015-RB dated January 21, 2016.

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