Question

A Global In-House Centre shall maintain its books of accounts, records and documents, in such_________________ as may be declared at the time of making an application under International Financial Services Centres Authority (Global In-House Centres) Regulations, 2020

A USD Correct Answer Incorrect Answer
B Indian currency Correct Answer Incorrect Answer
C Foreign currency Correct Answer Incorrect Answer
D Either a or b or c Correct Answer Incorrect Answer
E Either a or b Correct Answer Incorrect Answer

Solution

Rule 9 Maintenance of books of accounts, records and documents: A Global In-House Centre shall maintain its books of accounts, records and documents, in such foreign currency as may be declared at the time of making an application under these regulations.

Practice Next