RBI launches helpline to guide startups on forex matters

24th Dec 2015
  • +0
Share on
close
  • +0
Share on
close
Share on
close

The Reserve Bank has said it has created a dedicated helpline to assist start-ups undertaking cross-border transactions.

yourstory-forex
Image: Shutterstock

"While seeking guidance, the enterprises should provide complete information to the RBI and mention the specific issues on which they need guidance from the RBI in relation to the Foreign Exchange Management regulations," the central bank said in a statement.

This would enable the personnel attending the helpline to offer timely and effective information, it said. Start-up enterprises usually undertake a wide range of cross-border transactions including those related to investment, it said.

Cross-border transactions of resident are subject to the regulatory regime provided by the Foreign Exchange Management Act, 1999, it said.

  • +0
Share on
close
  • +0
Share on
close
Share on
close
Report an issue
Authors

Related Tags

Sign up for our Daily Newsletter

Our Partner Events

Hustle across India