Friday, November 22, 2024

Government notifies amended forex rules for startups

India's amended Foreign Exchange Management Regulations 2024 simplify opening foreign currency accounts for DPIIT-recognized startups, aligning with the extended definition of startups (10 years, ₹100 crore turnover). The RBI also permits non-residents to hold interest-bearing accounts in INR or foreign currency.

from Tech-Economic Times https://ift.tt/TBN5PZF

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