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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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October 2013

A. P. (DIR Series) Circular No. 32 dated 4th September, 2013

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Liberalised Remittance Scheme–Clarifications

The RBI has issued clarifications regards to the LRS (given hereafter):

In case of invocation of the guarantee, the bank is required to submit to the Chief General Manager-in-Charge, Foreign Exchange Department, Reserve Bank of India, Central Office, Mumbai 400 001, a report on the circumstances leading to the invocation of the guarantee.

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October 2013

A. P. (DIR Series) Circular No. 32 dated 4th September, 2013

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October 2013

A. P. (DIR Series) Circular No. 32 dated 4th September, 2013

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