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    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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