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Business Compliance

Licensing, environmental compliance and business operations.

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Business Compliance

238 articles
RBI small accounts: transaction limits and simplified KYC duration

RBI Small Accounts: Keep Annual Credits, Monthly Debits and the ₹50,000 Balance Test Separate

RBI small accounts have separate ₹1 lakh annual-credit, ₹10,000 monthly withdrawal-and-transfer and ₹50,000 balance limits. The balance exception for specified Government payments does not waive the other tests, and a small foreign remittance still requires the prescribed full identity verification.

By Team assureOffice
RBI KYC: foreign-student NRO opening controls

Foreign Students’ NRO Accounts: Current RBI Thirty-Day KYC, USD 1,000 Inflows and ₹50,000 Aggregate Withdrawals

RBI’s current commercial-bank KYC direction provides a specific opening route for foreign students. Pending local-address verification, track foreign remittances against USD 1,000 equivalent and aggregate withdrawals against ₹50,000 during the thirty-day period; crossing a calendar month does not reset that aggregate cap.

By Team assureOffice
FEMA: international-conference foreign-currency accounts

International Conferences in India: Temporary Foreign-Currency Accounts, Permitted Flows and Immediate Closure

RBI permits a specific temporary foreign-currency account for organisers of international seminars, conferences and conventions in India. Match overseas event receipts and listed payments to the permission, identify other flows needing prior approval, and plan settlement so the account closes immediately after the event.

By Team assureOffice