How to open a Bank a/c abroad by an Indian Co', What are the FEMA requisits?
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Opening a Bank A/c abroad by Indian co'
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Does mere opening of bank account in aborad really attract FEMA applications??
Yes mere opening of account abroiad attracts FEMA as per sec.3 of the Act. Kindly check the purpose for which such account is being opened although normally foreign accounts opening is not prohibited by RBI.
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