SC: Menstrual Health is a Fundamental Right under Article 21; Orders Free Sanitary Pads in Schools || Supreme Court: Industrial Court is the Proper Forum to Decide Issues Relating to Contract Labour || Supreme Court: Only Civil Court of Original Jurisdiction Can Extend Arbitral Tribunal’s Mandate || SC: Demolition of Private Property Must Rest on Clear Statutory Grounds and Due Consideration || SC: After Complaint Was Withdrawn, BCI Disciplinary Committee Could Not Penalise Advocate || MP HC: Decree Holder Cannot Defeat Compromise or Initiate Execution by Refusing Debtor’s Cheque || MP HC: Spouse’s Income Cannot Be Clubbed With Public Servant’s for Disproportionate Assets Case || Ker HC: Bar Association is Not Employer & Cannot Form Internal Complaints Committee under POSH Act || SC: Ex-Contract Workers Must Be Preferred When Employers Replace Contract Labour With Regular Staff || SC: Waqf Tribunals Cannot Hear Claims over Properties Not Listed or Registered under Waqf Act

Diamond Dollar Account - Reporting Mechanism- (Reserve Bank of India) (23 Mar 2016)

MANU/APDR/0016/2016

Banking

The Reserve Bank of India has dispensed with quarterly and fortnightly statements previously submitted by banks giving details of the name and address of firms or companies in whose name a Diamond Dollar Account had been opened. Though regular statements are no longer required, banks must continue to maintain the database of such account holders.

Relevant : Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 MANU/RFEM/0006/2016

Tags : DIAMOND DOLLAR BANK ACCOUNT STATEMENT

Share :