1.22
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Breach of Regulations by Non-resident Branches/ Correspondents of Authorised Dealers
If any non-resident branch or correspondent of an authorised dealer is found to have contravened or attempted to contravene any of the Exchange Control regulations in force in India, all rupee transfers on its account may be made subject to prior permission of Reserve Bank or totally prohibited.