SNRR account definition

SNRR account means a Special Non-Resident Rupee account maintained in accordance with the Foreign Exchange Management (Deposit) Regulations, 2016;
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SNRR account means a Special Non- Resident Rupee account referred to in sub. regulation (4) of regulation 5 of Foreign Exchange Management (Deposit) Regulations, 2016.
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SNRR account means a Special Non-Resident Rupee account referred to in sub-regulation (4) of Regulation 5;
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Examples of SNRR account in a sentence

  • At the time of an incident, the Business Continuity response will be flexible and based on an assessment of the prevailing circumstances.

  • The foreign currency account and SNRR account shall be used only and exclusively for transactions under this Schedule.

  • The cost estimates should reflect a34 projected inflation factor as well as projected earnings on35 accumulated savings.3637 4.1.3. The Capital Improvement Fund is to pay for priority projects to38 expand or improve the Library’s services through the creation of new39 buildings/facilities, the addition of major new technology, or40 renovation of existing capital assets.

  • Further, where there is composite sectoral cap under FDI policy, these limits for RFPI investment shall also be within such overall FDI sectoral caps;• RFPI shall be eligible to open a Special Non-Resident Rupee (SNRR) account and a foreign currency account with Authorised Dealer bank and to transfer sums from foreign currency account to SNRR account at the prevailing market rate for making genuine investments in securities.

  • April 2011: Presented “Five Key Labour Market Challenges and the Labour Bills Response” to the UBS Brokerage Division, Cape Town, South Africa.

  • The balances in the SNRR account shall be eligible for repatriation.

  • Transfers from any NRO account to the SNRR account are prohibited.

  • The SNRR account shall carry the nomenclature of the specific business for which it is opened and shall not earn any interest.

  • The operations in the SNRR account should not result in the account holder making available foreign exchange to any person resident in India against reimbursement in rupees or in any other manner.

  • The amount of consideration for purchase of instruments by FPIs shall be paid out of inward remittance from abroad through banking channels or out of funds held in a foreign currency account and/ or Special Non-Resident Rupee (SNRR) account maintained in accordance with the Foreign Exchange Management (Deposit) Regulations, 2016.

Related to SNRR account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Regular account means the account established for each active and inactive member un-

  • Member Account means the regular account and the variable account.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Investment Account As defined in Section 3.12(a).

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.