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This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

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This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

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Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Jul 29, 2025

Amendments to Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2015

RBI had issued the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2015 on January 21, 2016 (‘Principal Regulations’) which contains regulations pertaining to opening, holding, and maintaining of foreign currency accounts and the limits up to which amounts can be held in such accounts by a person resident in India. In Annexure II of Schedule II of the Principal Regulations, pertaining to ‘application for opening diamond dollar account/s’, the application required that firm making such application to have a track record of at least two years in import/ export of diamonds/coloured gemstones/ diamond and coloured gemstones studded jewellery/ plain gold jewellery. Accordingly, the RBI, by way of its Notification dated April 29, 2025, has increased the aforementioned track record from two to three years.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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