| Notifications/Circulars |
Category : FEMA |
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FEMA 1999-Import of gold in any form including jewellery - clarification
Posted Date : 25-Sep-2012 , 07:58:05 am | Posted By: CASANSAAR
RBI/2012-13/220A.P. (DIR Series) Circular No. 34
September 24, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999-Import of gold inany form including jewellery made of gold/precious metalsor / and studded with diamonds / semi precious / preciousstones - clarification
Attention of Authorised Dealer Category – I (AD Category – I) banks isinvited to the provisions contained inA.P.(DIR Series) Circular No.59 dated May 6, 2011, in...
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FEMA |
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Non-resident guarantee for non-fund based facilities entered between two resident entities
Posted Date : 31-Aug-2012 , 07:20:45 am | Posted By: CASANSAAR
RBI/2012-13/179A. P. (DIR Series) Circular No. 20
August 29, 2012
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Non-resident guarantee for non-fund based facilities entered between two resident entities
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited toNotification No. FEMA 29 / 2000-RB dated September 26, 2000viz. Payment to person resident outside India on invocation of guarantee,A.P. (DIR Series) Circular No. 28 dated March 30, 2001andA.P. (DI...
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FEMA |
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Issue of Indian Depository Receipts (IDRs) - Limited two way fungibilty
Posted Date : 29-Aug-2012 , 08:02:01 am | Posted By: CASANSAAR
RBI/2012-13/178A. P. (DIR Series) Circular No. 19
August 28, 2012
To,
All Category – I Authorised Dealer banks
Madam/Sir,
Issue of Indian Depository Receipts (IDRs) - Limited two way fungibilty
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No.5 dated July 22, 2009, in terms of which, the guidelines regarding issue of IDRs by eligible companies resident outside India have been laid out.
2. It has now been decided to...
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FEMA |
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Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)
Posted Date : 24-Aug-2012 , 08:11:48 am | Posted By: CASANSAAR
RBI/2012-13/175A. P. (DIR Series) Circular No. 18
August 23, 2012
To
All Authorised Persons, who are Indian agents underMoney Transfer Service Scheme
Madam / Sir,
Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)
Please refer to ourA.P. (DIR Series) Circular No. 108 dated April 17, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
...
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FEMA |
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Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Posted Date : 24-Aug-2012 , 08:10:24 am | Posted By: CASANSAAR
RBI/2012-13/175A. P. (DIR Series) Circular No. 18
August 23, 2012
To
All Authorised Persons, who are Indian agents underMoney Transfer Service Scheme
Madam / Sir,
Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)
Please refer to ourA.P. (DIR Series) Circular No. 108 dated April 17, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2....
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FEMA |
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Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2010
Posted Date : 24-Jul-2012 , 02:16:20 pm | Posted By: CA. SURESH Kr. AGARWAL
Reserve Bank of India Foreign Exchange Department Central Office Mumbai- 400 001
Notification No. FEMA 210/RB-2010
dated July 19, 2010
Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2010
In exercise of the powers conferred by clause (h) 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 (Foreign Exchange ...
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FEMA |
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Foreign investment in NBFC Sector under the Foreign Direct Investment (FDI) Scheme - Clarification
Posted Date : 15-May-2012 , 09:55:31 pm | Posted By: CASANSAAR
RBI/2011-12/562A.P. (DIR Series) Circular No. 127
May 15, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign investment in NBFC Sector under the Foreign DirectInvestment (FDI) Scheme - Clarification
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited toA.P. (Dir Series) Circular No.121 dated May 8, 2012.
2. The Reserve Bank of India has been receiving requests for clarifications as to whether ‘operating leases’ would...
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FEMA |
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External Commercial Borrowings (ECB) Policy - Utilization of ECB proceeds for Rupee expenditure
Posted Date : 07-May-2012 , 10:45:24 pm | Posted By: CASANSAAR
RBI/2011-12/539A. P. (DIR Series) Circular No.119
May 7, 2012
To
All Category-I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy - Utilization of ECB proceedsfor Rupee expenditure
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 5 dated August 1, 2005andA.P. (DIR Series) Circular No. 52 dated November 23, 2011relating to External Commercial Borrowings.
2. As per the extant guidelines, ECB pr...
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Category :
FEMA |
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Release of Foreign Exchange for Miscellaneous Remittances
Posted Date : 07-May-2012 , 10:44:26 pm | Posted By: CASANSAAR
RBI/2011-12/537A. P. (DIR Series) Circular No.118
May 07, 2012
To
All Authorised Dealers in Foreign Exchange
Madam/ Sir,
Release of Foreign Exchange for Miscellaneous Remittances
Attention of Authorised Dealers in foreign exchange is drawn toA.P.(DIR Series) Circular No. 16 dated September 12, 2002, in terms of which the Authorised Dealers were advised to release amounts up to USD 500 or its equivalent for all permissible transactions on the basis of a simple letter from the applican...
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Category :
FEMA |
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Transfer of Funds from Non-Resident Ordinary (NRO) account to Non- Resident External (NRE) Account
Posted Date : 07-May-2012 , 10:43:17 pm | Posted By: CASANSAAR
RBI/2011-12/536A. P. (DIR Series) Circular No.117
May 07, 2012
To
All Authorised Dealer banks and Authorised banks
Madam/Sir,
Transfer of Funds from Non-Resident Ordinary (NRO) account to Non-Resident External (NRE) Account
The Committee to Review the Facilities for Individuals Under FEMA, 1999 (Chairperson : Smt. K.J.Udeshi) has recommended that the NRIs/PIOs may be permitted, subject to payment of applicable taxes, to transfer repatriable funds from their NRO account within the overa...
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FEMA |
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Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Posted Date : 18-Apr-2012 , 08:32:40 am | Posted By: CASANSAAR
RBI/2011-12/508A. P. (DIR Series) Circular No. 108
April 17, 2012
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme.
Madam/ Dear Sir,
Anti-Money Laundering (AML) / 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. 78 dated February 15, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
...
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Category :
FEMA |
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Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Posted Date : 18-Apr-2012 , 08:27:29 am | Posted By: CASANSAAR
RBI/2011-12/507A. P. (DIR Series) Circular No. 107
April 17, 2012
To,
All Authorised Persons
Madam/ Dear Sir,
Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Please refer to ourA.P. (DIR Series) Circular No. 77 dated February 15, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction.
2. Financial Action Task Force (FATF) has issued a further Statement on February 16, 2012 on the subject (...
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Category :
FEMA |
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Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India
Posted Date : 03-Apr-2012 , 07:52:37 am | Posted By: CASANSAAR
RBI/2011-12/102A. P. (DIR Series) Circular No.102
April 02, 2012
To
All Authorised Persons in Foreign Exchange
Madam/ Sir,
Use of International Debit Cards/Store Value Cards/Charge Cards/SmartCards by Resident Indians while on a visit outside India
Attention of all Authorised Persons, who are authorised to issue foreign currency pre-paid cards to resident Indians visiting outside India, is invited to Para B(5) of theA. P. (DIR Series) Circular No. 46 dated June 14, 2005, in terms of whic...
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Category :
FEMA |
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Overseas Direct Investments – Liberalisation / Rationalisation
Posted Date : 03-Apr-2012 , 07:51:41 am | Posted By: CASANSAAR
RBI/2011-12/481A. P. (DIR Series) Circular No.101
April 02, 2012
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Direct Investments – Liberalisation / Rationalisation
Attention of the Authorised Dealer (AD - Category I) banks are invited to theNotification No. FEMA 10/2000-RB dated May 3, 2000[Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000] (the Notification), as amended from time to time.
2. As per the extan...
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FEMA |
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Overseas Investments by Resident Individuals – Liberalisation / Rationalisation
Posted Date : 29-Mar-2012 , 07:49:32 am | Posted By: CASANSAAR
RBI/2011-12/474A. P. (DIR Series) Circular No.97
March 28, 2012
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Investments by Resident Individuals – Liberalisation / Rationalisation
Attention of the Authorised Dealer (AD - Category I) banks is invited to theNotification No. FEMA 120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time to time.
2. R...
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Category :
FEMA |
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Overseas Direct Investments by Indian Party – Rationalisation
Posted Date : 29-Mar-2012 , 07:48:43 am | Posted By: CASANSAAR
RBI/2011-12/473A.P. (DIR Series) Circular No. 96
March 28, 2012
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Direct Investments by Indian Party – Rationalisation
Attention of the Authorised Dealer (AD - Category I) banks is invited to theNotification No. FEMA 120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time to time. To grant more flexibili...
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FEMA |
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Clarification - Establishment of Branch Offices (BO) / Liaison Offices (LO) in India by Foreign Entities – Delegation of Powers
Posted Date : 02-Mar-2012 , 07:53:25 am | Posted By: CASANSAAR
RBI/2011-12/421A.P. (DIR Series) Circular No.88
March 1, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Clarification - Establishment of Branch Offices (BO) / Liaison Offices (LO)in India by Foreign Entities – Delegation of Powers
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited toA.P. (DIR Series) Circular No.24 dated December 30, 2009in terms of which powers have been delegated to the AD Category-I bank regarding submission...
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FEMA |
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Import of Gold on Loan Basis - Tenor of Loan and Opening of Stand - By Letter of Credit
Posted Date : 28-Feb-2012 , 07:46:51 am | Posted By: CASANSAAR
RBI/2011-12/411A.P. (DIR Series) Circular No. 83
February 27, 2012
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Import of Gold on Loan Basis-Tenor of Loan and Opening of Stand - By Letter of Credit
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P.(DIR Series) Circular No. 34 dated February 18, 2005, in terms of which the maximum tenor of gold loan was notified as 240 days consisting of 60 days for manufacture and e...
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FEMA |
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Export of Goods and Services - Receipt of advance payment for export of goods Involving shipment (manufacture and ship) beyond one year
Posted Date : 22-Feb-2012 , 07:41:59 am | Posted By: CASANSAAR
RBI/2011-12/403A.P. (DIR Series) Circular No.81
February 21, 2012
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Export of Goods and Services -Receipt of advance payment for export of goodsInvolving shipment (manufacture and ship) beyond one year
Attention of Authorised Dealer Category – I (AD Category I) banks is invited to the sub-regulation (2) of Regulation 16 of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, notified videNotif...
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Category :
FEMA |
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Export of Goods and Services- Simplification and Revision of Softex Procedure
Posted Date : 15-Feb-2012 , 08:32:27 pm | Posted By: CASANSAAR
RBI/2011/12/400A.P. (DIR Series) Circular No. 80
February 15, 2012
To
All Authorised Dealers in Foreign Exchange
Madam / Sir,
Export of Goods and Services-Simplification and Revision of Softex Procedure
Attention of the Authorised Dealers is invited to Regulation 6 of theNotification No.FEMA 23/2000-RB dated May 3, 2000viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended by theNotification No.FEMA 36/2001-RB dated February 2, 2001, in terms of...
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FEMA |
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Clarification - Purchase of Immovable Property in India – Reporting requirement
Posted Date : 15-Feb-2012 , 08:31:40 pm | Posted By: CASANSAAR
RBI/2011/12/399A.P. (DIR Series) Circular No. 79
February 15, 2012
To
All Authorised Dealers in Foreign Exchange
Madam / Sir,
Clarification - Purchase of Immovable Property in India –Reporting requirement
Attention of Authorised Dealer Category-I banks is invited to Regulation 5 ofNotification No. FEMA 21/2000-RBviz. Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India), Regulations, 2000 dated May 3, 2000, as amended from time to time. In terms ...
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FEMA |
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Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Posted Date : 15-Feb-2012 , 08:30:42 pm | Posted By: CASANSAAR
RBI/2011-12/398A.P. (DIR Series) Circular No. 78
February 15, 2012
To,
All Authorised Persons,
who are Indian Agents under Money Transfer Service Scheme.
Madam/ Dear Sir,
Anti-Money Laundering (AML) standards/Combating the Financing ofTerrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Attention of all the Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) is invited toA.P.(DIR Series) Circular Nos.22and24d...
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Category :
FEMA |
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Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Posted Date : 15-Feb-2012 , 08:29:39 pm | Posted By: CASANSAAR
RBI/2011-12/397A.P. (DIR Series) Circular No. 77
February 15, 2012
To,
All Authorised Persons
Madam/ Dear Sir,
Anti-Money Laundering (AML) standards/Combating the Financing ofTerrorism (CFT) Standards - Money changing activities
Attention of the Authorised Persons is invited to theA.P.(DIR Series) Circular Nos.21and23dated September 19, 2011 on the risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. The Financial Action Task Force (FATF) has issued a...
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Category :
FEMA |
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FEMA: External Commercial Borrowings – Simplification of procedure
Posted Date : 13-Feb-2012 , 06:10:06 pm | Posted By: Akanksha Handa
RESERVE BANK OF INDIA
Foreign Exchange Department
Central Office
Mumbai - 400 001
RBI/2011-12/390
A.P. (DIR Series) Circular No. 75 February 07, 2012
To
All Authorised Dealer Category- I Banks
Madam / Sir,
External Commercial Borrowings – Simplification of procedure
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, notif...
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FEMA |
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Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 06-Dec-2011 , 03:47:02 pm | Posted By: CASANSAAR
RBI/2011-12 /289A.P. (DIR Series) Circular No.53
December 2, 2011
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. 39 dated November 01, 2011, wherein the Rupee value of the special currency basket was indicated as Rs.69.09329 effective from September 20, 2011...
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FEMA |
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Mid – Sea Trans-shipment of catch by Deep Sea Fishing Vessel
Posted Date : 22-Nov-2011 , 08:26:52 am | Posted By: CASANSAAR
RBI/2011-12/267A.P. (DIR Series) Circular No. 48
November 21, 2011
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Mid – Sea Trans-shipment of catch by Deep Sea Fishing Vessel
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Regulation 3 of Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 notified videNotification No. FEMA 23/2000-RB dated May 3, 2000as amended from time to time, indicating that exporter of goods ...
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FEMA |
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“Set-off” of export receivables against import payables - Liberalization of Procedure
Posted Date : 18-Nov-2011 , 06:22:54 pm | Posted By: CASANSAAR
RBI/2011-12/264A.P. (DIR Series) Circular No. 47
November 17, 2011
To
All Category – I Authorized Dealer Banks
Madam/Sir,
“Set-off” of export receivables against import payables-Liberalization of Procedure
Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the fact that the requests received from the exporters through their AD branches for set-off of export receivables against import payables are considered by the Reserve B...
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FEMA |
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Overseas forex trading through electronic / internet trading portals
Posted Date : 18-Nov-2011 , 06:17:34 pm | Posted By: CASANSAAR
RBI/2011-12/262A.P. (DIR Series) Circular No. 46
November 17, 2011
To,
All Authorised Dealer Category I Banks
Madam/ Sir,
Overseas forex trading through electronic / internet trading portals
Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 53 dated April 07, 2011wherein AD Category I banks were advised to exercise due caution and be extra vigilant in respect of the margin payments being made by the public for online f...
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Category :
FEMA |
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Foreign Direct Investment – Reporting of issue / transfer of ‘participating interest/right’ in oil fields to a non resident as an Foreign Direct Investment transaction
Posted Date : 18-Nov-2011 , 06:16:06 pm | Posted By: CASANSAAR
RBI/2011-12/259A.P. (DIR Series) Circular No. 45
November 16, 2011
To,
All Category – I Authorised Dealer banks
Madam / Sir,
Foreign Direct Investment – Reporting of issue / transfer of‘participating interest/right’ in oil fields to a non resident as anForeign Direct Investment transaction
Attention of Authorized 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 (Transfe...
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FEMA |
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OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS OF NON-RESIDENT EXCHANGE HOUSES
Posted Date : 01-Sep-2011 , 04:07:55 am | Posted By: Neha Jain
OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS OF NON-RESIDENT EXCHANGE HOUSES
A.P. (DIR SERIES) CIRCULAR NO. 09/A.P.(FL/RL SERIES) CIRCULAR NO. 01, DATED 29-8-2011
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the A.P.(DIR Series) No.28 [A.P(FL/RL Series) Circular No. 02] dated 6-2-2008 on the Memorandum of instructions for Opening and Maintenance of Rupee/Foreign Currency Vostro accounts of Non-resident Exchange Houses and the sub...
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FEMA |
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