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1CBROA News JULY 2021The General Secretary writes. . . . . ALLOWING CORPORATE HOUSES TO SET UP BANKS Dear Friends, given permission to set upon internal working group set up by the Banks, the report
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RBI may not allow certain types of transactions involving foreign exchange.
Any individual or entity engaging in transactions subject to RBI regulations.
RBI may provide specific forms or online portals for filing.
The purpose is to regulate and monitor foreign exchange transactions to ensure compliance with RBI guidelines.
Details of foreign exchange transactions, including amount, parties involved, and purpose.
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