Corporate News April - Acquisory Bulletin

Chandni Ansari05 Dec, 2024Business

Remittances to International Financial Services Centres (IFSCs) under the Liberalized Remittance Scheme (LRS) ▪ On a review and with an objective to align the LRS for IFSCs set up under the International Financial Services Centres Authority Act, 2019 vis-à-vis other foreign jurisdictions, it has been decided to amend the directions under para 2 (ii) of the aforementioned A.P. (DIR Series) Circular dated February 16, 2021, as – “Resident Individuals may also open a Foreign Currency Account (FCA) i