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November 2014

A. P. (DIR Series) Circular No. 35 dated 9th October, 2014

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Memorandum of Instructions for Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses

This circular has expanded the list of permitted transactions with respect to Vostro Accounts from 13 to 14. Accordingly, remittances to the Prime Minister’s National Relief Fund through the Exchange Houses is now permitted if the remittances are directly credited to the Fund by the banks and the banks maintain full details of the remitters. The revised list is as follows: –

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November 2014

A. P. (DIR Series) Circular No. 35 dated 9th October, 2014

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November 2014

A. P. (DIR Series) Circular No. 35 dated 9th October, 2014

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A. P. (DIR Series) Circular No. 34 dated 30th September, 2014

A. P. (DIR Series) Circular No. 36 dated 16th October, 2014