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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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Legal Considerations for Start-Ups – Are you overlooking some?
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भारत पहले – 75 Year of Independence
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June 2012

A.P. (DIR Series) Circular No. 109, dated 18-4-2012 — Authorised Dealer Category II — Permission for additional activity and opening of Nostro account.

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

This Circular suggests that Authorised Dealers Category-II wanting to open Nostro accounts must approach RBI for a one-time approval to open and operate Nostro accounts.

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