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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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Tax Implications in the Hands of Successor / Resulting Company
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Capital Gains Tax Implications in Singapore on Capital Reduction or Liquidation
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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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October 2011

A.P. (DIR Series) Circular No. 13, dated 15- 9-2011 — NRIs PIOs holding NRE/FCNR(B) accounts jointly with Indian resident close relative — Liberalisation.

By Gaurang Gandhi | Chartered Accountant

Reading Time 1 mins

This Circular permits Non-Resident Indian (NRI), as defined in FEMA Notification No. 5, to open NRE/ FCNR(B) account with their resident close relative (relative as defined in section 6 of the Companies Act, 1956) on ‘former or survivor’ basis. The resident close relative is permitted to operate the account as a Power of Attorney holder during the lifetime of the NRI/PIO account holder.

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October 2011

A.P. (DIR Series) Circular No. 13, dated 15- 9-2011 — NRIs PIOs holding NRE/FCNR(B) accounts jointly with Indian resident close relative — Liberalisation.

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A.P. (DIR Series) Circular No. 56, dated 29-4- 2011 — Foreign Exchange Management Act, 1999 — Advance remittance for import of goods — Liberalisation.

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October 2011

A.P. (DIR Series) Circular No. 13, dated 15- 9-2011 — NRIs PIOs holding NRE/FCNR(B) accounts jointly with Indian resident close relative — Liberalisation.

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You May Also Like

Five tips top CEOs for young leaders

A.P. (DIR Series) Circular No. 56, dated 29-4- 2011 — Foreign Exchange Management Act, 1999 — Advance remittance for import of goods — Liberalisation.