Notifications/Circulars |
Category : FEMA |
|
|
Exim Bank\'s Line of Credit to the Republic of Zimbabwe
Posted Date : 13-Aug-2013 , 12:32:11 pm | Posted By: Vinay Sharma
RBI/2013-14/177A.P. (DIR Series) Circular No. 21
August 12, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 28.60 millionto the Republic of Zimbabwe
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 21, 2013 with the Republic of Zimbabwe, for making available to the latter, a Line of Credit (LOC) of USD 28.60 million (USD Twenty- eight million six hundred thousand only) for financing eligible goods, services, ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 251
|
|
Compounding of Contraventions under FEMA, 1999
Posted Date : 13-Aug-2013 , 12:31:43 pm | Posted By: Vinay Sharma
RBI/2013-14/176 A.P. (DIR Series) Circular No. 20
August 12, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999
Attention of Authorised Dealers (ADs) and their constituents is invited to paragraph 7.2 ofA.P. (DIR Series) Circular No. 56 dated June 28, 2010wherein they were advised to ensure that the applications for com...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 280
|
|
Non-Resident Deposits - Comprehensive Single Return (NRD-CSR): Submission under XBRL
Posted Date : 07-Aug-2013 , 09:50:13 pm | Posted By: CASANSAAR
RBI/2013-14/173A.P. (DIR Series) Circular No. 19
August 7, 2013
To,
All Banks Authorised to deal in Foreign Exchange
Madam / Sir,
Non-Resident Deposits - Comprehensive Single Return (NRD-CSR):Submission under XBRL
Attention of banks maintaining Non-Resident Deposits (NRD) Accounts is invited toA.P. (DIR Series) Circular No.55 dated May 9, 2007on NRD-CSR software package being used by the banks for submission of detailed monthly data on non-resident deposits to the Reserve Bank....
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 406
|
|
Risk Management and Inter-bank Dealings
Posted Date : 01-Aug-2013 , 08:28:55 pm | Posted By: CASANSAAR
RBI/2013-14/169A.P. (DIR Series) Circular No. 18
August 1, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter-bank Dealings
Attention ofAuthorised Dealers Category – I (AD Category I) banks is invited toAP (DIR) Circular No. 121 dated June 26, 2013wherein it was clarified that if an FII wishes to hedge the Rupee exposure of one of its sub-account holders, it should be done on the basis of a mandate from the sub-account holder for the purpose and ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 261
|
|
Risk Management and Inter-Bank Dealings – Reporting of Unhedged Foreign Currency Exposures of Corporates
Posted Date : 23-Jul-2013 , 09:02:01 pm | Posted By: CASANSAAR
RBI/2013-14/151A.P. (DIR Series) Circular No.17
July 23, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter-Bank Dealings –Reporting of Unhedged Foreign Currency Exposures of Corporates
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Section B paragraph 1(i)(h) and Section G Para (ii) ofA.P. (DIR Series) Circular No. 32 dated December 28, 2010on “Comprehensive Guidelines on Over the Counter (OTC)...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 309
|
|
Import of Gold by Nominated Banks /Agencies/Entities
Posted Date : 23-Jul-2013 , 08:59:55 pm | Posted By: CASANSAAR
RBI/2013-14/148A.P. (DIR Series) Circular No.15
July 22, 2013
To
All Scheduled Commercial Banks which are Authorised Dealers (ADs) inForeign Exchange/ All Agencies nominated for import of gold
Madam / Sir,
Import of Gold by Nominated Banks /Agencies/Entities
Attention of Authorised Persons is drawn to the Reserve Bank’sA.P. (DIR Series) Circulars No. 103,107and122datedMay 13,June 04and June 27, 2013respectively on the captioned subject. ;As per these instructions, certain restriction...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 247
|
|
Banks can trade in currency futures or exchange traded currency options market only on behalf of their clients
Posted Date : 10-Jul-2013 , 08:29:37 pm | Posted By: Vinay Sharma
RISK MANAGEMENT AND INTER BANK DEALINGS
A.P. (DIR SERIES 2013-14) CIRCULAR NO. 7,DATED 8-7-2013
Attention of Authorized Dealers Category - I (AD Category - I) banks is invited to theA.P.(DIR Series) Circular No.129 dated May 21, 2012regarding participation in Currency Futures/Exchange Traded Currency Options markets.
2.On a review of the evolving market conditions, it has been decided that AD Category - I banks should not carry out any proprietary trading in the currency futures/exchange trad...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 227
|
|
Karnataka Government nods to implement policy on multi-brand retail trading
Posted Date : 05-Jul-2013 , 10:20:59 pm | Posted By: Vinay Sharma
CONSOLIDATED FDI POLICY CIRCULAR 1 OF 2013 - REVIEW OF THE POLICY ON FOREIGN DIRECT INVESTMENT IN THE MULTI BRAND RETAIL TRADING SECTOR- AMENDMENT OF PARAGRAPH 6.2.16.5(2)
PRESS NOTE NO. 3 (2013 SERIES),DATED 4-7-2013
1.0Present Position:
1.1As per paragraph 6.2.16.5 of 'Circular 1 of 2013- Consolidated FDI Policy', effective from 5.4.2013, FDI, up to 51%, under the government approval route, is permitted in the multi-brand retail trading sector, subject to specified conditions.
1.2The lis...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 197
|
|
Liberalized formalities for resident entities in Indian Forex Market
Posted Date : 05-Jul-2013 , 10:07:58 pm | Posted By: Vinay Sharma
RISK MANAGEMENT AND INTER-BANK DEALINGS- LIBERALIZATION OF DOCUMENTATION REQUIREMENTS FOR THE RESIDENT ENTITIES IN THE INDIAN FOREX MARKET
A.P. (DIR SERIES 2013-14) CIRCULAR NO.02,DATED 4-7-2013
Attention of Authorized Dealers Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 32 dated December 28, 2010 issued on Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks. In the annex ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 268
|
|
Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market
Posted Date : 04-Jul-2013 , 10:01:41 pm | Posted By: Vinay Sharma
RBI/2013-14/118A.P. (DIR Series) Circular No.02
July 04, 2013
To,
All Authorised Dealer Category – I Banks
Madam / Sir,
Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market
Attention of Authorized Dealers Category – I (AD Category – I) banks is invited toA.P. (DIR Series) Circular No. 32 dated December 28, 2010issued on Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 169
|
|
Foreign Investment in India – Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies
Posted Date : 04-Jul-2013 , 10:01:14 pm | Posted By: Vinay Sharma
RBI/2013-14/117A.P. (DIR Series) Circular No.01
July 04, 2013
To
All Category – I Authorised Dealer banks
Madam/Sir,
Foreign Investment in India – Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Foreign Exchange Management (Transfer or Issue of Security by a Person Re...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 354
|
|
RBI Master Circulars (FEMA) July-2013
Posted Date : 01-Jul-2013 , 08:30:37 pm | Posted By: CASANSAAR
RBI Master Circulars July-2013
Circular Number
Date Of Issue
Department
Subject
Meant For
RBI/2013-2014/15Master Circular No.15 /2013-14
1.7.2013
Foreign Exchange Department
Master Circular on Foreign Investment in India
All Category - I Authorised Dealer banks
RBI/2013-2014/14Master Circular No.14 /2013-14
1.7.2013
Foreign Exchange Department
Master Circular on Exports of Goods and Services
All Authorised Dealer Category – I ban...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1554
|
|
External Commercial Borrowings (ECB) Policy – Structured Obligations
Posted Date : 26-Jun-2013 , 09:40:29 pm | Posted By: Vinay Sharma
RBI//2012-13/553A.P. (DIR Series) Circular No.120
June 26, 2013
ToAll Authorised Dealer Category - I Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Structured Obligations
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 40 dated March 02, 2010andA.P. (DIR Series) Circular No. 28 dated September 26, 2011pertaining to External Commercial Borrowings (ECB) Policy (Structured Obligations).
2. As per the extan...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 224
|
|
External Commercial Borrowings (ECB) Policy – Import of Services, Technical know-how and License Fees
Posted Date : 26-Jun-2013 , 09:40:03 pm | Posted By: Vinay Sharma
RBI/2012-13/552A.P. (DIR Series) Circular No.119
June 26, 2013
To
All Authorised Dealer Category - I Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Import of Services, Technical know-how and License Fees
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified videNotification No. FEMA 3/2000-RB dated May 3, 2000and theA.P. (DIR Series) Circula...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 274
|
|
Export of Goods and Services – Project Exports
Posted Date : 26-Jun-2013 , 09:38:06 pm | Posted By: Vinay Sharma
RBI/2012-13/548A.P. (DIR Series) Circular No.118
June 26, 2013
To
All Authorised Dealer Category - I Banks
Madam / Sir,
Export of Goods and Services – Project Exports
Attention of Authorized Dealers is invited to Para B.7 (i) and C.5 (i) of Memorandum of Instructions on Project and Service Exports (PEM), enclosed toA.P.(DIR Series) Circular No.32 dated October 28, 2003, in terms of which an exporter undertaking Project Exports and Service contracts abroad should submit form DPX1, PEX...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 286
|
|
Scheme for buy back or pre-payment of FCCBs under an approval route to continue till 31-12-2013
Posted Date : 26-Jun-2013 , 09:21:55 pm | Posted By: Vinay Sharma
BUYBACK/PREPAYMENT OF FOREIGN CURRENCY CONVERTIBLE BONDS (FCCBs)
A.P. (DIR SERIES 2012-13) CIRCULAR NO. 115,DATED 25-6-2013
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 39 dated December 08, 2008,A.P. (DIR Series) Circular No. 75 dated June 30, 2011andA.P. (DIR Series) Circular No. 1 dated July 05, 2012on the captioned subject.
2.Considering the developments in the global financial markets and on a review of the aforesaid scheme, ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 258
|
|
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 20-Jun-2013 , 07:05:44 pm | Posted By: CASANSAAR
RBI/2012-13/537A.P. (DIR Series) Circular No. 112
June 20, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.95 dated April 4, 2013, wherein the Rupee value of the special currency basket was indicated as Rs.73.141761 effective from March 18, 2013.
2. AD Cat...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 183
|
|
Foreign investment in India by SEBI registered Long term investors in Government dated Securities
Posted Date : 13-Jun-2013 , 11:12:06 am | Posted By: Vinay Sharma
RBI/2012-13/530A.P. (DIR Series) Circular No.111
June 12 , 2013
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Foreign investment in India by SEBI registered Long term investors inGovernment dated Securities
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000-RB dated May 3, 20...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 213
|
|
Foreign Direct Investment – Reporting of issue / transfer of Shares to/by a FVCI
Posted Date : 12-Jun-2013 , 07:07:22 pm | Posted By: Vinay Sharma
RBI/2012-13/529A.P. (DIR Series) Circular No.110
June 12, 2013
To
All Category - I Authorised Dealer banks
Madam / Sir,
Foreign Direct Investment –Reporting of issue / transfer of Shares to/by a FVCI
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to Regulations 9 and 10 and para 9 of Schedule I to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA 20/200...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 321
|
|
Processing and Settlement of Export related receipts facilitated by Online Payment Gateways – Enhancement of the value of transaction
Posted Date : 12-Jun-2013 , 07:44:13 am | Posted By: CASANSAAR
RBI/2012-13/527A.P. (DIR Series) Circular No. 109
June 11, 2013
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Processing and Settlement of Export related receipts facilitated byOnline Payment Gateways – Enhancement of the value of transaction
Attention of Authorised Dealer Category 1 (AD Category – 1) banks is invited to theA.P. (DIR Series) Circular No.35 dated October 14, 2011in terms of which AD Category I banks have been permitted to offer the facility to r...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 303
|
|
Export of Goods and Services - Realization and Repatriation period for units in Special Economic Zones (SEZ)
Posted Date : 12-Jun-2013 , 07:43:29 am | Posted By: CASANSAAR
RBI/2012-13/526A.P. (DIR Series) Circular No. 108
June 11, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Export of Goods and Services-Realization and Repatriation period for units in Special Economic Zones (SEZ)
Attention of Authorized Dealer banks is invited toA. P. (DIR Series) Circular No. 91 dated April 1, 2003. In terms of provisions of Para A of the said circular, time limit for realization and repatriation of export proceeds, for the exports made by units inSpecial ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 267
|
|
Clarification On Queries Of Prospective Investors/ Stakeholders On FDI Policy For Multi-Brand Retail Trading
Posted Date : 07-Jun-2013 , 01:07:47 pm | Posted By: Vinay Sharma
CLARIFICATION ON QUERIES OF PROSPECTIVE INVESTORS/ STAKEHOLDERS ON FDI POLICY FOR MULTI-BRAND RETAIL TRADING
June 7, 2013
CLARIFICATION ON QUERIES OF PROSPECTIVE INVESTORS/ STAKEHOLDERS ON FDI POLICY FOR MULTI-BRAND RETAIL TRADING
(Paragraph 6.2.16.5 of ‘Circular 1 of 2013-Consolidated FDI Policy’)
Issue
Clarification/ comment
30% sourcing from Small and Medium Enterprises:
(a) Can the Foreign Investor...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 228
|
|
Himachal Pradesh Govt. nods to implementation of policy on multi-brand retail trading
Posted Date : 05-Jun-2013 , 06:43:02 pm | Posted By: Vinay Sharma
REVIEW OF THE POLICY ON FOREIGN DIRECT INVESTMENT IN THE MULTI BRAND RETAIL TRADING SECTOR - AMENDMENT OF PARAGRAPH 6.2.16.5(2) OF 'CIRCULAR 1 OF 2013 - CONSOLIDATED FDI POLICY
PRESS NOTE NO. 1 (2013 SERIES),DATED 3-6-2013
1. Present Position:
1.1As per paragraph 6.2.16.5 of 'Circular 1 of 2013- Consolidated FDI Policy', effective from 5.4.2013, FDI, up to 51%, under the Government approval route, is permitted in the multi-brand retail trading sector, subject to specified conditions.
1.2T...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 232
|
|
Import of Gold by Nominated Banks /Agencies
Posted Date : 04-Jun-2013 , 04:16:07 pm | Posted By: Vinay Sharma
RBI/2012-13/520A.P. (DIR Series) Circular No.107 June 4, 2013ToAll Scheduled Commercial Banks which areAuthorised Dealers (ADs) in Foreign Exchange/ All agenciesnominated for import of goldMadam/Sir
Import of Gold by Nominated Banks /Agencies
Attention of Authorised Persons is drawn to ourA.P. (DIR Series) Circular No. 103 dated May 13, 2013on the captioned subject in terms of which, it was decided to restrict the import of gold on consignme...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 249
|
|
Liberalised Remittance Scheme for Resident Individuals – Reporting
Posted Date : 24-May-2013 , 07:57:59 am | Posted By: CASANSAAR
RBI/2012-13/504A. P. (DIR Series) Circular No. 106
May 23, 2013
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Liberalised Remittance Scheme for Resident Individuals – Reporting
Attention of all Authorised Dealer Category - I (AD Category - I) banks is invited toA. P. (DIR Series) Circular No.36 dated April 04, 2008, in terms of which, AD Category -I banks were required to furnish information on the number of applications received and the total amount remitted under the Liber...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 315
|
|
Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation
Posted Date : 21-May-2013 , 06:36:42 am | Posted By: CASANSAAR
RBI/2012-13/503A.P. (DIR Series) Circular No. 105
May 20, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Export of Goods and Software – Realisation andRepatriation of export proceeds – Liberalisation
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 52 dated November 20, 2012extending the enhanced period for realization and repatriation to India, of the amount representing the full value of go...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 328
|
|
Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route against pre-operative/pre-incorporation expenses
Posted Date : 17-May-2013 , 09:47:37 pm | Posted By: CASANSAAR
RBI/2012-13/502A.P. (DIR Series) Circular No. 104
May 17, 2013
ToAll Category-I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route against pre-operative/pre-incorporation expenses
Attention of Authorised Dealers Category – I banks is invited to Para 3 (II) ofA.P. (DIR Series) Circular No. 74 dated June 20, 2011read withA.P. (DIR Series) Circular No. 55 dated December 9...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 209
|
|
Import of Gold by Nominated Banks/Agencies
Posted Date : 14-May-2013 , 07:38:51 am | Posted By: CASANSAAR
RBI/2012-13/499A.P.(DIR Series) Circular No.103
May 13, 2013
To,All Scheduled Commercial Banks which areAuthorised Dealers in Foreign Exchange
Madam/Sirs
Import of Gold by Nominated Banks/Agencies
Attention of Authorised Persons is invited toparagraph 97of the Monetary Policy Statement 2013-14 dated May 3, 2013 regarding import of gold. In terms of AD (G.P.Series) circular No.7 dated March 6, 1998 (copy enclosedfor ready reference), nominated banks/agencies were permitted to impor...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 254
|
|
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Posted Date : 04-May-2013 , 07:27:03 am | Posted By: CASANSAAR
RBI/2012-13/485A.P. (DIR Series) Circular No. 102
May 2, 2013
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme.
Madam/ Dear Sir,
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Please refer to ourA.P.(DIR Series) Circular No. 71 dated January 10, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financi...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 285
|
|
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Posted Date : 04-May-2013 , 07:26:13 am | Posted By: CASANSAAR
RBI/2012-13/484A.P. (DIR Series) Circular No. 101
May 2, 2013
To,
All Authorised Persons
Madam/ Dear Sir,
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Please refer to ourA.P.(DIR Series) Circular No. 70 dated January 10, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction.
2. Financial Action Task Force (FATF) has updated its Statement on the subject and document 'Improving Global A...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 258
|
|
|
|
|