The Reserve Bank of India has, on November 13, 2019, issued a notification bearing number FEMA 14(R)/(1)/2019-RB notifying the Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2019. The Said amendment has been brought in force to widen the scope of SNRR Account by bringing it within the provisions of Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016

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