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Start learning 50% faster. Sign in nowRupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. Under this arrangement, the Authorized Category I banks enter into tie-ups with the non-resident Exchange Houses in the FATF compliant countries to open and maintain their Vostro Account. The cross- border inward remittances into India under RDA is primarily on private account. The remitter and the beneficiary should be individuals barring a few exceptions. Remittances through Exchange Houses for financing of trade transactions are also permitted up to certain limit. This scheme is not used for cross-border outward remittances from India. There is no limit on the remittance amount as well as on the number of remittances. However, there is an upper cap of Rs.15.00 lakh for trade related transactions. No cash disbursement of remittances is allowed under RDA. The remittances have to be credited to the bank account of the beneficiary.
According to the given definition, who is considered an "adult" under the Occupational Safety, Health and Working Conditions Code?
Which statement about a designated partner in the context of a Limited Liability Partnership is not true?
Where there is no express provision in Contract Act, the following prevails and applied for deciding the cases
As per S. 125 of the Indian Evidence act, 1872 a police officer____________.
What does Breach of Contract mean?
The Tenth Schedule of the Constitution of India makes provision for:
What is the legal status of a contract where the performance of the agreed-upon act, after the contract is made, becomes impossible or unlawful due to a...
Any court may alter or add to any charge any time before:
What is the penalty levied for failure to furnish information to SEBI?
The key to the minds of framers of the Constitution is stated in the ___________?
