AdCompare Los 2 Mejores Brókers de Trading de Elige el Más Adecuado Para Ti. Regulaciones, Confiabilidad, Funcionalidad de la Plataforma. Abra una Cuenta blogger.com has been visited by 10K+ users in the past month AdCapital en riesgo. Negocie CFDs de Divisas Desde su Móvil con Plus Negocie CFD de los Pares de Forex más Populares como EUR/USD, GBP/USD y EUR/GBP en Plus AdStart Trading with one of the leading brokers you choose, easy comparison! We Checked All the Forex Brokers. See The Results & Start Trading Now! AdRobust Trading Systems for beginners and professionals. Why wait for a Free Indicator Every Month when you can get one today? Customers are hereby advised that any person resident in India collecting and affecting / remitting payments directly /indirectly outside India in any form towards overseas foreign exchange trading through electronic/internet trading portals or website would make himself/ herself / themselves liable to be proceeded against with for contravention of the Foreign Exchange Management Act (FEMA), besides being liable for violation of regulations relating to Know Your Customer (KYC) norms ... read more
Authorised Dealers may also give wide publicity to the instructions contained in the A. DIR Series Circulars referred to above and the Press Release issued by the Reserve Bank dated February 21, copy enclosed. The instructions contained in this circular may also be brought to the attention of the card issuing companies who may also be advised to remain alert against permitting payments for such unauthorised transactions. Sujatha Elizabeth Prasad Chief General Manager. Skip to main content.
Language हिंदी. Search the Website Search. Home Notifications. Yours faithfully, Dr. All Months January February March April May June July August September October November December. DIR […]. Attention of the Authorised Dealer Category — I AD Category — I banks is invited to A. Further, AD Category-I banks were also advised to exercise due caution in respect of the accounts being opened in the name of individuals or proprietary concerns at different bank branches for collecting the margin money, investment money, etc.
in connection with such transactions. With a view to further strengthening the restrictions on such online activities which are in violation of FEMA, , AD Category I banks are hereby directed as follows:. ii As and when any AD category I bank comes across any prohibited transaction undertaken by its credit card or online banking customer the bank will immediately close the card or account of the defaulting customer and report the same to Chief General Manager-in-Charge, Forex Markets Division, Foreign Exchange Department, Reserve Bank of India, Central Office, 5th Floor, Amar Building, P.
Road, Mumbai in the format provided in the Annex to this circular. If it is observed that the concerned AD category I bank has failed to carry out the measures as outlined above, Reserve Bank of India may proceed against the defaulting bank under section 11 3 of FEMA, and take any action as may be deemed necessary. AD Category — I banks may bring the contents of this circular to the notice of their constituents and customers concerned.
The instructions contained in this circular may also be brought to the attention of the card issuing companies who may also be advised to remain alert against permitting payments for such unauthorized transactions.
Rudra Narayan Kar Chief General Manager-In-Charge.
Attention of the Authorised Dealer Category - I AD Category - I banks is invited to Regulation 4 of the Foreign Exchange Management Foreign Exchange Derivative Contracts Regulations, Notification No. Further, in terms of Regulation 5 A, ibid, a person resident in India may enter into currency futures or currency options on a stock exchange recognized under section 4 of the Securities Contract Regulation Act, , to hedge an exposure to risk or otherwise, subject to such terms and conditions as may be set forth in the directions issued by the Reserve Bank of India from time to time.
In terms of A. DIR Series Circular No. Further, attention of the AD Category — I banks is invited to A. Dir Series Circular No. Most of the forex trading through these portals are done on a margining basis with huge leverage or on an investment basis, where the returns are based on forex trading. It is also observed that accounts are being opened in the name of individuals or proprietary concerns at different bank branches for collecting the margin money, investment money, etc.
AD Category - I banks are, therefore, advised to exercise due caution and be extra vigilant in respect of the above transactions. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned.
Authorised Dealers may also give wide publicity to the instructions contained in the A. DIR Series Circulars referred to above and the Press Release issued by the Reserve Bank dated February 21, copy enclosed. The instructions contained in this circular may also be brought to the attention of the card issuing companies who may also be advised to remain alert against permitting payments for such unauthorised transactions.
Sujatha Elizabeth Prasad Chief General Manager. Skip to main content. Language हिंदी. Search the Website Search. Home Notifications. Yours faithfully, Dr. All Months January February March April May June July August September October November December.
Overseas Forex Trading through Electronic/ Internet trading portals That any person resident in India collecting and effecting / remitting payments directly /indirectly outside India in AdCompare Los 2 Mejores Brókers de Trading de Elige el Más Adecuado Para Ti. Regulaciones, Confiabilidad, Funcionalidad de la Plataforma. Abra una Cuenta blogger.com has been visited by 10K+ users in the past month Customers are hereby advised that any person resident in India collecting and affecting / remitting payments directly /indirectly outside India in any form towards overseas foreign exchange trading through electronic/internet trading portals or website would make himself/ herself / themselves liable to be proceeded against with for contravention of the Foreign Exchange Management Act (FEMA), besides being liable for violation of regulations relating to Know Your Customer (KYC) norms overseas foreign exchange trading through electronic/internet trading portals is not. 18/9/ · However, it has been observed that some banking customers continue to undertake online trading in foreign exchange on portals / websites offering such schemes wherein they 1/5/ · Overseas Forex Trading Through Electronic Internet Trading Portals. IM Academy Forex Trading was created as a small start-up in by independent entrepreneur ... read more
Certification Course CA Final New CA Foundation CA Inter CS Executive New CS Professional New CMA Foundation CMA Inter CMA Final CSEET View all courses Enrolled courses. Further, AD Category-I banks were also advised to exercise due caution in respect of the accounts being opened in the name of individuals or proprietary concerns at different bank branches for collecting the margin money, investment money, etc. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years. About We are Hiring Media Coverage Advertise Terms of Service Disclaimer Privacy Policy Contact Us © CAclubindia. Further, AD Category-I banks were also advised to exercise due caution in respect of the accounts being opened in the name of individuals or proprietary concerns at different bank branches for collecting the margin money, investment money, etc.
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