| Notifications/Circulars |
Category : FEMA |
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Overseas Direct Investments – Clarification
Posted Date : 26-Apr-2013 , 08:39:25 am | Posted By: CASANSAAR
RBI/2012-13/481A.P. (DIR Series) Circular No. 100
April 25, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Direct Investments – Clarification
Attention of the Authorised Dealers (AD) is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 notified by the Reserve Bank videNotification No. FEMA 120/RB-2004 dated July 07, 2004and as amended from time to time.
2. It has been observed that eligible Indian p...
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FEMA |
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Trade Credits for Imports into India – Review of all-in-cost ceiling
Posted Date : 09-Apr-2013 , 10:29:12 pm | Posted By: CASANSAAR
RBI/2012-13/475A.P. (DIR Series) Circular No. 98
April 9, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Trade Credits for Imports into India – Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.28 dated September 11, 2012andA.P. (DIR Series), Circular No. 58 dated December 14, 2012relating to all-in-cost ceiling of Trade Credits for imports into India.
2. On a review, it ...
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FEMA |
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Memorandum of Instructions governing money changing activities
Posted Date : 05-Apr-2013 , 09:50:29 pm | Posted By: CASANSAAR
RBI/2012-13/473A.P. (DIR Series) Circular No. 96
April 5, 2013
To,
All Authorised Persons
Madam/ Dear Sir,
Memorandum of Instructions governing money changing activities
Please refer to Para E 2(ii) of Annex I of{A.P.(DIR Series) Circular No. 57 [A.P.(FL/RL Series) Circular No.04] } dated March 09, 2009on the captioned subject.
2. On a review, it has been decided that Authorised Money Changers (AMCs) may sell Indian rupees to foreign tourists /visitors against International ...
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FEMA |
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Maintenance of Collateral by FIIs for transactions in the cash and F & O segments
Posted Date : 14-Mar-2013 , 08:12:23 pm | Posted By: Vinay Sharma
RBI/2012-13/439A.P. (DIR Series) Circular No. 90
March 14, 2013
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Maintenance of Collateral by Foreign Institutional Investors (FIIs)for transactions in the cash and F & O segments
Attention of Authorised 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...
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FEMA |
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Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
Posted Date : 14-Mar-2013 , 08:11:52 pm | Posted By: Vinay Sharma
RBI/2012-13/438FMD.MSRG.No. 75/02.05.002/2012-13
March 13, 2013
All Category – I Authorised Dealer Banks
Madam/Sir,
Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
Please refer to ourcircular FMD.MSRG.No.67/02.05.002/2011-12 dated March 9, 2012on the captioned subject, wherein we had advised, inter alia, that all/selective trades in OTC foreign exchange and interest rate derivatives between the Category-I Authorised Dealer Banks/market makers (banks/PD) and...
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FEMA |
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“Write-off” of unrealized export bills – Export of Goods and Services – Simplification of procedure
Posted Date : 12-Mar-2013 , 09:30:11 pm | Posted By: Vinay Sharma
RBI/2012-13/435 A.P. (DIR Series) Circular No. 88
March 12, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
“Write-off” of unrealized export bills– Export of Goods and Services – Simplification of procedure
Attention of Authorized Dealer Category – I (AD Category –I) banks is invited toA.P. (DIR. Series) Circular No. 12,30,61,40,33and03dated September 09, 2000, April 04, 2001, December 14, 2002, December 05, 2003, February 28, 2007 and July...
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FEMA |
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External Commercial Borrowings (ECB) Policy – Corporates under Investigation
Posted Date : 05-Mar-2013 , 09:53:24 pm | Posted By: Vinay Sharma
RBI/2012-13/429A.P. (DIR Series) Circular No. 87
March 5, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy –Corporates under Investigation
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to theA.P. (DIR Series) Circular No. 71 dated June 30, 2009and Third Amendment toFEMA Notification No.3 (FEMA 197/2009-RB) dated September 22, 2009.
2. As per the extant guidelines, corporates that are under in...
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FEMA |
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Risk Management and Inter-Bank Dealings
Posted Date : 02-Mar-2013 , 12:38:03 pm | Posted By: Vinay Sharma
RBI/2012-13/426A. P. (DIR Series) Circular No. 86
March 1, 2013
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Risk Management and Inter-Bank Dealings
Attention of Authorized Dealers Category – I (AD Category – I) banks is invited toA.P. (DIR Series) Circular No.92 dated April 4, 2003issued on Risk Management and Inter-Bank Dealings.
2. As per para C.2 of the above mentioned circular “The overnight open exchange pos...
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FEMA |
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Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Posted Date : 28-Feb-2013 , 07:29:09 pm | Posted By: CASANSAAR
RBI/2012-13/423A. P. (DIR Series) Circular No. 85
February 28, 2013
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008on the captioned subject, as amen...
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Category :
FEMA |
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Foreign Exchange Management Act,1999 - Import of precious and semi precious stones- Clarification
Posted Date : 21-Feb-2013 , 12:43:45 pm | Posted By: Vinay Sharma
RBI/2012-13/418A.P. (DIR Series) Circular No.83
February 20, 2013
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act,1999 - Import of precious and semi precious stones- Clarification
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the provisions contained inA.P.(DIR Series) Circular No.34 dated September 24, 2012, in terms of which AD Category – I banks have been permitted to approve Suppliers’ an...
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FEMA |
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Prevention of Money-Laundering (Amendment) Act, 2012 effective from 15-2-2013
Posted Date : 13-Feb-2013 , 01:26:36 pm | Posted By: Vinay Sharma
PREVENTION OF MONEY LAUNDERING (AMENDMENT) ACT, 2012 - NOTIFIED DATE FOR ENFORCEMENT OF PROVISIONS OF AMENDMENT ACT, 2012
NOTIFICATION NO. SO 343(E)[F.NO.P.12011/3/2009-S.O.(E.S. CELL)], DATED 8-2-2013
In exercise of the powers conferred by sub-section (2) of section 1 of the Prevention of Money-Laundering (Amendment) Act, 2012 (2 of 2013), the Central Government hereby appoints the 15th day of February, 2013, as the date on which the provisions of the said Act shall come into force....
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FEMA |
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Banks are now permitted to open NRO accounts of Bangladeshi Nationals without RBI’s approval
Posted Date : 12-Feb-2013 , 08:30:11 pm | Posted By: Vinay Sharma
Opening of NRO accounts by individuals of Bangladesh Nationality
A.P. (DIR Series 2012-13) Circular No. 82, dated 11-2-2013
Attention of all the Authorised Dealer banks and Authorised banks (Authorised banks) is invited to Paragraph 1 of Schedule-3 of Foreign Exchange Management (Deposit) Regulations, 2000 contained in Notification No. FEMA. 5/2000-RB dated May 3, 2000, as amended from time to time, in terms of which opening of Non-Resident Ordinary Rupee (NRO) accounts by individuals/...
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FEMA |
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FEMA (DEPOSIT) (SECOND AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN SCHEDULE 3
Posted Date : 11-Feb-2013 , 02:55:54 pm | Posted By: Vinay Sharma
FEMA (DEPOSIT) (SECOND AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN SCHEDULE 3
NOTIFICATION [NO.FEMA.253/2013/RB]/GSR 26(E), DATED 2-1-2013
In exercise of the powers conferred by clause (f) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000 (Notification No. FEMA. 5/2000-RB, dated May 3, 2000), namely:...
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FEMA |
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Individuals of Bangladesh need not to take prior approval of RBI for opening an NRO Rupee account
Posted Date : 06-Feb-2013 , 01:43:01 pm | Posted By: Vinay Sharma
Fema (Deposit) (second Amendment) Regulations, 2013 - Amendment in Schedule 3
Notification [No.FEMA.253/2013/RB]/GSR 26(E), Dated 2-1-2013
In exercise of the powers conferred by clause (f) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000 (Notification No. FEMA. 5/2000-RB, dated May 3, 2000), ...
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FEMA |
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Disclosure Requirements on Advances Restructured by Banks and Financial Institutions
Posted Date : 01-Feb-2013 , 05:31:31 pm | Posted By: Vinay Sharma
RBI/2012-13/409DBOD.BP.BC.No.80/21.04.132/2012-13
January 31, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Disclosure Requirements on Advances Restructured by Banks andFinancial Institutions
Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose in their published Annual Balance Sheets, under "Notes on Accounts", inf...
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FEMA |
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Memorandum of Instructions for Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Posted Date : 25-Jan-2013 , 11:16:54 am | Posted By: Vinay Sharma
RBI/2012-13/394
A. P. (DIR Series) Circular No. 81
January 24, 2013
To,
All Authorised Dealer Category - I Banks
Madam/Sir,
Memorandum of Instructions for Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Part (B) of Annex-I to the A.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008 on the captioned subj...
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FEMA |
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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2013
Posted Date : 24-Jan-2013 , 07:24:33 pm | Posted By: Vinay Sharma
Reserve Bank of India
Foreign Exchange Department
Central Office
Mumbai- 400 001
Notification No. FEMA. 255/2013-RB
Dated January 19, 2013
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2013
In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendment...
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FEMA |
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Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt
Posted Date : 24-Jan-2013 , 02:09:42 pm | Posted By: Vinay Sharma
RBI/2012-13/391 A. P. (DIR Series) Circular No.80
January 24, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt
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 vide Notification No. FEMA.20/2000-RB dated Ma...
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FEMA |
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RBI permits forex earners to purchase foreign exchange even if some balance exists in their EEFC account
Posted Date : 23-Jan-2013 , 01:07:54 pm | Posted By: Vinay Sharma
Exchange Earner's Foreign Currency (EEFC) Account, Diamond Dollar Account (DDA) & Resident Foreign Currency (RFC) Domestic Account
A. P. (DIR Series 2012-13) Circular No. 79, dated 22-1-2013
Attention of Authorised Dealer (AD) Category - I banks is invited to A.P. (DIR Series) Circulars Nos. 15, 124, 128, 8 and 12, dated November 30, 2006, May 10, 2012, May 16, 2012, July 18, 2012 and July 31, 2012 respectively, in terms of which all the foreign exchange earners were permi...
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FEMA |
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External Commercial Borrowings (ECB) Policy –Repayment of Rupee loans and/or fresh Rupee capital expenditure
Posted Date : 22-Jan-2013 , 10:01:08 pm | Posted By: Vinay Sharma
RBI/2012-13/387
A.P. (DIR Series) Circular No.78
January 21, 2013
To,
All Category - I Authorised Dealer Banks
Madam/Sir,
External Commercial Borrowings (ECB) Policy –Repayment of Rupee loans and/or fresh Rupee capital expenditure – USD 10 billion scheme
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 134 dated June 25, 2012 and A.P. (DIR Series) Circular No. 26 dated September 11, 2012.
2. As per the extant...
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FEMA |
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RBI advised Authorized dealers to ensure compliance of FEMA provisions to avoid penalty burden
Posted Date : 18-Jan-2013 , 04:40:51 pm | Posted By: Vinay Sharma
Reporting under Foreign Exchange Management Act, 1999
A.P. (DIR Series 2012-13) Circular No. 76, dated 17-1- 2013
In terms of section 11(2) of FEMA, 1999, the Reserve Bank may, for the purpose of ensuring the compliance with the provisions of the Act or of any rule, regulation, notification, direction or order made thereunder, direct any authorized person to furnish such information, in such manner, as it deems fit. Accordingly, RBI has entrusted to the Authorised Dealers (ADs) the r...
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FEMA |
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Reporting under Foreign Exchange Management Act, 1999 (FEMA)
Posted Date : 18-Jan-2013 , 02:29:34 pm | Posted By: Vinay Sharma
RBI/2012-13/383 A.P. (DIR Series) Circular No. 76
January 17, 2013
To
All Category - I Authorised Dealer Banks
Madam /Sir,
Reporting under Foreign Exchange Management Act, 1999 (FEMA)
In terms of Section 11 (2) of FEMA, 1999, the Reserve Bank may, for the purpose of ensuring the compliance with the provisions of the Act or of any rule, regulation, notification, direction or order made thereunder, direct any authorized person to furnish such information, in such manner, as it deem...
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FEMA |
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Overseas Direct Investment by residents of India in Pakistan allowed under approval route
Posted Date : 16-Jan-2013 , 05:56:12 pm | Posted By: Vinay Sharma
Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2012 - Amendment in Regulations 6 & 15 and Part I of Form ODI
Notification No. Fema 249/RB-2012]/GSR 947(E), Dated 22-11-2012
In exercise of the powers conferred by clause (a) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign E...
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FEMA |
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Residents of Pakistan allowed to invest in shares and debentures of Indian entities not engaged in restricted sector
Posted Date : 16-Jan-2013 , 03:58:31 pm | Posted By: Vinay Sharma
FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) (SEVENTH AMENDMENT) REGULATIONS, 2012 - AMENDMENT IN REGULATION 5 AND SCHEDULE 1
NOTIFICATION [NO.FEMA 244/2012-RB]/GSR 946(E), DATED 22-10-2012
In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Manage...
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FEMA |
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RBI permits residents to include resident \'close relatives\' as joint holder in foreign currency account
Posted Date : 14-Jan-2013 , 07:22:07 pm | Posted By: Vinay Sharma
Foreign Exchange Management (Foreign Currency Accounts by A Person Resident In India) (Second Amendment) Regulations, 2012 - Amendment in Regulation 5 and Schedule-I
Notification [No.Fema/239/2012-RB]/GSR 915(E), Dated 25-9-2012
In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (F...
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FEMA |
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RBI imposes restriction on obtaining credit enhancement in form of overseas guarantee
Posted Date : 14-Jan-2013 , 07:20:49 pm | Posted By: Vinay Sharma
Foreign Exchange Management (Guarantees) (Third Amendment) Regulations, 2012 - Insertion of Regulation 3A
Notification [No. FEMA251/2012-RB]/GSR 917(E), Dated 6-12-2012
In exercise of the powers conferred by clause (j) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Guarantees) Regulations, 2000 (Notification No....
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FEMA |
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External Commercial Borrowings (ECB) for Micro Finance Institutions (MFIs) and Non-Government Organizations (NGOs) – engaged in micro finance activities under Automatic Route
Posted Date : 22-Dec-2012 , 04:00:39 pm | Posted By: Vinay Sharma
RBI/2012-13/346
A.P. (DIR Series) Circular No. 63
December 20, 2012
To
All Category-I Authorised Dealer Banks
Madam/Sir,
External Commercial Borrowings (ECB) for Micro Finance Institutions (MFIs) and Non-Government Organizations (NGOs) - engaged in micro finance activities under Automatic Route
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 vide Notific...
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FEMA |
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Foreign Exchange Management (Deposit) Regulations, 2000- Loans to Non Residents / third parties against security of Non Resident (External) Rupee Accounts [NR (E) RA] / Foreign Currency Non Resident (Bank) Accounts [FCNR (B)] Deposits
Posted Date : 13-Oct-2012 , 08:00:26 am | Posted By: CASANSAAR
RBI/2012-13/247A. P. (DIR Series) Circular No. 44
October 12, 2012
To,
All Category-I Authorised Dealer banks and Authorised banks
Madam / Sir,
Foreign Exchange Management (Deposit) Regulations, 2000-Loans to Non Residents / third parties against security of Non Resident (External) Rupee Accounts [NR (E) RA] / Foreign Currency Non Resident (Bank) Accounts [FCNR (B)] Deposits
Attention of Authorised Dealer Category-I banks and Authorised banks (the banks) is invited to Para 6 of Sch...
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FEMA |
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Foreign Direct Investment (FDI) in India - Allotment of Shares to person resident outside India under Memorandum of Association (MoA) of an Indian company - Pricing guidelines
Posted Date : 28-Sep-2012 , 08:29:23 am | Posted By: CASANSAAR
RBI/2012-13/223A.P. (DIR Series) Circular No. 36
September 26, 2012
ToAll Category - I Authorised Dealer banks
Madam / Sir,
Foreign Direct Investment (FDI) in India -Allotment of Shares to person resident outside India under Memorandum ofAssociation (MoA) of an Indian company - Pricing guidelines
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulat...
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FEMA |
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Establishment of Liaison Offices (LO) /Branch Offices (BO) / Project Offices (PO) in India by Foreign Entities – Reporting requirement
Posted Date : 28-Sep-2012 , 08:23:58 am | Posted By: CASANSAAR
RBI/2012-13/222A. P. (DIR Series) Circular No. 35
September 25, 2012
To All Category - I Authorised Dealer Banks
Madam / Sir,
Establishment of Liaison Offices (LO) /Branch Offices (BO) / Project Offices(PO) in India by Foreign Entities – Reporting requirement
Attention of Authorised Dealer Category – I banks is invited toA.P. (DIR Series) Circular No. 6 dated August 9, 2010read with paragraph 5 (i) ofA.P. (DIR Series) Circular No.24 dated December 30, 2009regarding sub...
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FEMA |
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