| Notifications/Circulars |
Category : FEMA |
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External Commercial Borrowings (ECB) in Indian Rupees
Posted Date : 03-Sep-2014 , 09:34:46 pm | Posted By: CASANSAAR
RBI/2014-15/206A.P. (DIR Series) Circular No.25
September 3, 2014
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) in Indian Rupees
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Regulation 6 ofNotification No. FEMA.3/2000-RB dated May 03, 2000in terms of which persons resident in India may raise foreign currency loans from non-residents in accordance with the provisions contained in this Notification...
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FEMA |
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Guidelines for transfer of Assets and Liabilities of Urban Cooperative Banks to Commercial Banks- Modification
Posted Date : 03-Sep-2014 , 09:33:41 pm | Posted By: CASANSAAR
RBI/2014-15/206UBD. CO. BPD. PCB. Cir. No. 12 /09.19.900/2014-15
September 3, 2014
The Chief Executive OfficerAll Primary (Urban) Cooperative Banks
Madam/ Dear Sir,
Guidelines for transfer of Assets and Liabilities of Urban Cooperative Banks to Commercial Banks- Modification
Please refer to ourcircular UBD.BPD.(PCB).Cir.No.47/09.16.900/2009-10 dated February 24, 2010on guidelines for transfer of Assets and Liabilities of Urban Co-operative Banks (UCBs) to Commercial Banks.
2. With a view t...
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FEMA |
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Three divisions of Foreign Exchange Department shifted to FED CO Cell at New Delhi
Posted Date : 03-Sep-2014 , 07:37:01 am | Posted By: CASANSAAR
RBI/2014-15/204
A.P. (DIR Series) Circular No.23
September 2, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Three divisions of Foreign Exchange Department shifted to
FED CO Cell at New Delhi
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Press Release dated June 17, 2014 which mentions the shifting of three divisions of Foreign Investment Division (FID) viz. Liaison/Branch/Project Office (LO/BO/PO) Division, Non Resident Forei...
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FEMA |
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Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India
Posted Date : 28-Aug-2014 , 05:18:30 pm | Posted By: CASANSAAR
RBI/2014-15/197A.P. (DIR Series) Circular No.22
August 28, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India
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 (the Principal Regulations)...
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FEMA |
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Refinancing of ECB at lower all-in-cost – Simplification of procedure
Posted Date : 27-Aug-2014 , 08:16:49 pm | Posted By: CASANSAAR
RBI/2014-15/196A.P. (DIR Series) Circular No.21
August 27, 2014
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Refinancing of ECB at lower all-in-cost – Simplification of procedure
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 5 dated August 01, 2005as amended from time to time in terms of which refinancing of existing ECB by raising fresh ECB at lower all-in-cost is permitted subject to the condition that the ...
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FEMA |
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Review of the policy on Foreign Direct Investment (FDI) in Defence sector amendment to Consolidated FDI Policy Circular 2014
Posted Date : 27-Aug-2014 , 08:27:13 am | Posted By: CASANSAAR
Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
(FC-I Section)
Press Note No. 7 (2014 Series)
Subject: Review of the policy on Foreign Direct Investment (FDI) in Defence sector amendment to `Consolidated FDI Policy Circular 2014'.
1.0 Present position:
Paragraphs 4.1.3(v)(d) and 6.2.6 of 'Consolidated FDI Policy Circular 2014', effective from 17th April, 2014, relating to Defence Sector, presently read as below:
Para 4.1.3(v...
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FEMA |
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Liberalised Remittance Scheme for resident individuals-clarification
Posted Date : 11-Aug-2014 , 06:18:42 pm | Posted By: CASANSAAR
RBI/2014-15/171A. P. (DIR Series) Circular No. 19
August 11, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Liberalised Remittance Scheme for resident individuals-clarification
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 5 dated July 17, 2014, in terms of which it was clarified that the Scheme can also be used for acquisition of immovable property outside India.
2. In the light of the above clarification, the r...
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FEMA |
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Constitution of Special Investigating Team – sharing of information
Posted Date : 30-Jul-2014 , 09:01:58 pm | Posted By: CASANSAAR
RBI/2014-15/154A. P. (DIR Series) Circular No. 18
July 30, 2014
To,
All Authorised Persons
Madam/ Sir,
Constitution of Special Investigating Team – sharing of information
In pursuance of the Hon’ble Supreme Court Judgment dated July 4, 2011, Government of India has constituted a Special Investigation Team (SIT) under the Chairmanship of Hon’ble Justice M.B. Shah. In this regard, the Hon’ble Supreme Court has directed that:
“All organs agencies, departments ...
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FEMA |
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External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Posted Date : 29-Jul-2014 , 08:06:28 am | Posted By: CASANSAAR
RBI/2014-15/153A.P. (DIR Series) Circular No.17
July 28, 2014
To,
All Category - I Authorized Dealer Banks
Madam / Sir,
External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 121 dated April 10, 2014relating to the all-in-cost ceiling for ECB.
2. On a review, it has been decided that the all-in-cost ceiling as specified under paragr...
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FEMA |
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Trade Credits for Imports into India — Review of all-in-cost ceiling
Posted Date : 29-Jul-2014 , 08:05:45 am | Posted By: CASANSAAR
RBI/2014-15/152A.P. (DIR Series) Circular No.16
July 28, 2014
To,
All Category - I Authorized 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. 122 dated April 10, 2014relating to the all-in-cost ceiling of Trade Credits for imports into India.
2. On a review it has been decided that the all-in-cost ceiling as specified under paragr...
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FEMA |
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Compilation of R-return: Reporting under FETERS-Discontinuation of ENC and Sch 3 to 6 file
Posted Date : 29-Jul-2014 , 08:05:04 am | Posted By: CASANSAAR
RBI/2014-15/151A.P. (DIR Series) Circular No. 15
July 28, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Compilation of R-return: Reporting under FETERS-Discontinuation of ENC and Sch 3 to 6 file
Attention of Authorised Dealers is invited toA. P. (DIR Series) Circular No. 101 dated February 04, 2014read withA.P. (DIR Series) Circular No.109 dated February 28, 2014in terms of which a comprehensive IT- based system called Export Data Processing and Monitoring System (EDPMS) ha...
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FEMA |
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Issue of Prepaid Forex Cards- Due Diligence and Adherence to KYC norms
Posted Date : 25-Jul-2014 , 07:47:59 pm | Posted By: CASANSAAR
RBI/2014-15/147A.P. (DIR Series) Circular No.14
July 25, 2014
To
All Authorised Persons
Madam/ Sir,
Issue of Prepaid Forex Cards- Due Diligence and Adherence to KYC norms
Attention of all the Authorised Persons in foreign exchange is invited to Para 2 of theA. P. (DIR Series) Circular No. 104 dated April 04, 2012.
2. It has been brought to our notice that some authorised dealers / full-fledged money changers may neither be exercising due diligence nor adhering to KYC norms w...
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FEMA |
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Foreign investment in India by SEBI registered Long term investors in Government dated Securities
Posted Date : 23-Jul-2014 , 09:38:25 pm | Posted By: CASANSAAR
RBI/2014-15/145A. P. (DIR Series) Circular No. 13
July 23, 2014
To,
All Authorised Persons
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, 2000, as amended...
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FEMA |
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Export of Goods and Services – Project Exports
Posted Date : 22-Jul-2014 , 07:32:27 pm | Posted By: CASANSAAR
RBI/2014-15/141A.P. (DIR Series) Circular No.11
July 22, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Export of Goods and Services – Project Exports
Attention of Authorised Dealers is invited to Regulation 18 ofNotification No. FEMA 23/2000-RB dated 3rd May 2000viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 in terms of which export of goods or services on deferred payment terms or in execution of a turnkey project or a civil co...
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FEMA |
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Money Transfer Service Scheme – Delegation of work to Regional Offices
Posted Date : 18-Jul-2014 , 10:42:56 pm | Posted By: CASANSAAR
RBI/2014-15/135A. P. (DIR Series) Circular No. 8
July 18, 2014
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Dear Sir/ Madam,
Money Transfer Service Scheme – Delegation of work to Regional Offices
Attention of Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) is invited to theA.P. (DIR Series) Circular No. 89 dated March 12, 2013on Money Transfer Service Scheme – Revised Guidelines, as amended from time ...
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FEMA |
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Rupee Drawing Arrangement – Delegation of work to Regional Offices
Posted Date : 18-Jul-2014 , 10:41:45 pm | Posted By: CASANSAAR
RBI/2014-15/134A. P. (DIR Series) Circular No. 7
July 18, 2014
To,All Authorised Dealer Category - I Banks
Dear Sir/ Madam,
Rupee Drawing Arrangement – Delegation of work to Regional Offices
Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited to theA.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008on Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-re...
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FEMA |
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Foreign Direct Investment – Reporting under FDI Scheme
Posted Date : 18-Jul-2014 , 10:40:51 pm | Posted By: CASANSAAR
RBI/2014-15/133A.P. (DIR Series) Circular No. 6
July 18, 2014
To
All Category - I Authorised Dealer banks
Madam / Sir,
Foreign Direct Investment –Reporting under FDI Scheme
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to the provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000, notified by the Reserve Bank videNotification No.FEMA20/2000-RB, dated 3rd May 2000, as amended fro...
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FEMA |
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Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000
Posted Date : 17-Jul-2014 , 08:37:31 pm | Posted By: CASANSAAR
RBI/2014-15/132A.P. (DIR Series) Circular No.5
July 17, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the guidelines regarding the Liberalised Remittance Scheme (LRS) for Resident Individuals (the Scheme).
2. It was decided videA.P.(DIR Series) Circular N...
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FEMA |
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Foreign Direct Investment (FDI) in India - Issue/Transfer of Shares or Convertible Debentures - Revised pricing guidelines
Posted Date : 15-Jul-2014 , 07:51:26 pm | Posted By: CASANSAAR
RBI/2014-15/129A. P. (DIR Series) Circular No. 4
July 15, 2014
To,
All Category –I Authorised Dealer Banks
Madam/Sir,
Foreign Direct Investment (FDI) in India -Issue/Transfer of Shares or Convertible Debentures- Revised pricing guidelines
Attention of Authorized Dealers Category – I (AD Category - I) banks is invited to Regulation 10(A)(b)(i), para 5 of Schedule 1, para 1(5) of Schedule 2 and para 2(iv) of Schedule 2A to the Foreign Exchange Management (Transfer or Issue of Sec...
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FEMA |
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Issue of Partly Paid Shares and Warrants by Indian Company to Foreign Investors
Posted Date : 14-Jul-2014 , 08:55:38 pm | Posted By: CASANSAAR
RBI/2014-15/123A.P.(DIR Series) Circular No.3
July 14, 2014
To,
All Category – I Authorised Dealer Banks
Madam/Sir,
Issue of Partly Paid Shares and Warrants by Indian Company to Foreign Investors
Attention of Authorized 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) Regulations, 2000 (principal Regulations) notified by the Reserve Bank of India videNotification No.FEMA.20...
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FEMA |
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Foreign Exchange Management Act, 1999 – Import of Rough, Cut and Polished Diamonds
Posted Date : 07-Jul-2014 , 08:51:56 pm | Posted By: CASANSAAR
RBI/2014-15/119A.P. (DIR Series) Circular No.2
July 7, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Foreign Exchange Management Act, 1999 –Import of Rough, Cut and Polished Diamonds
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P.(DIR Series) Circular No.59 dated May 6, 2011, in terms of which AD Category – I banks were permitted to approve Suppliers’ and Buyers’ Credit (Trade Credit)...
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FEMA |
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Financial Commitment (FC) by Indian Party under Overseas Direct Investments (ODI) – Restoration of Limit
Posted Date : 04-Jul-2014 , 07:59:20 am | Posted By: CASANSAAR
RBI/2014-15/117A.P. (DIR Series) Circular No.1
July 3, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Financial Commitment (FC) by Indian Party under Overseas DirectInvestments (ODI) – Restoration of Limit
Attention of the Authorised Dealer (AD - Category I) banks is invited to the provisions of the Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notif...
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Master Circular on Memorandum of Instructions governing money changing activities
Posted Date : 03-Jul-2014 , 07:30:29 am | Posted By: CASANSAAR
RBI/2014-15/15
Master Circular No.10/2014-15
July 01, 2014
To,
All Authorised Persons in Foreign Exchange
Madam / Sir,
Master Circular on Memorandum of Instructions governing money changing activities
This Master Circular consolidates the existing instructions on the subject of “Memorandum of Instructions governing money changing activities” at one place. The list of underlying circulars/ notifications is set out in Appendix.
2. ThisMaster Circularmay be referred to for gene...
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FEMA |
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Master Circular on Miscellaneous Remittances from India – Facilities for Residents
Posted Date : 03-Jul-2014 , 07:29:18 am | Posted By: CASANSAAR
RBI/2014-15/10
Master Circular No. 6/2014-15
July 1, 2014
To,
All Authorised Persons in Foreign Exchange
Madam / Sir,
Master Circular on Miscellaneous Remittances from India – Facilities for Residents
Miscellaneous remittance facilities for residents are allowed in terms ofsection 5of theForeign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R 381(E) dated May 3, 2000, as amended from time to time.
2. ThisMaster Circularconsolidates the existing...
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Master Circular on Miscellaneous Remittances from India – Facilities for Residents
Posted Date : 03-Jul-2014 , 07:28:32 am | Posted By: CASANSAAR
RBI/2014-15/10
Master Circular No. 6/2014-15
July 1, 2014
To,
All Authorised Persons in Foreign Exchange
Madam / Sir,
Master Circular on Miscellaneous Remittances from India – Facilities for Residents
Miscellaneous remittance facilities for residents are allowed in terms ofsection 5of theForeign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R 381(E) dated May 3, 2000, as amended from time to time.
2. ThisMaster Circularconsolidates the existing...
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FEMA |
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Master Circular on Establishment of Liaison / Branch /Project Offices in India by Foreign Entities
Posted Date : 03-Jul-2014 , 07:27:27 am | Posted By: CASANSAAR
RBI/2014-2015/11
Master Circular No.7/2014-15
July 01, 2014
To,
All Category – I Authorised Dealer banks
Madam / Sir,
Master Circular on Establishment of Liaison / Branch /Project Offices in India by Foreign Entities
Establishment of Branch/Liaison/Project Offices in India is regulated in terms ofSection 6(6)ofForeign Exchange Management Act, 1999read withNotification No. FEMA 22/2000-RB dated May 3, 2000as amended from time to time.
2. This Master Circular consolidates the existin...
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Master Circular on Foreign Investment in India
Posted Date : 02-Jul-2014 , 08:31:51 am | Posted By: CASANSAAR
RBI/2014-15/6
Master Circular No. 15/2014-15
July 01, 2014
To,
All Category - I Authorised Dealer banks
Madam / Sir,
Master Circular on Foreign Investment in India
Foreign investment in India is governed bysub-section (3) of Section 6of theForeign Exchange Management Act, 1999read withNotification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. The regulatory framework and instructions issued by the Reserve Bank have been compiled in this Master Circular. The list...
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Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin
Posted Date : 02-Jul-2014 , 08:30:40 am | Posted By: CASANSAAR
RBI/2014-15/9
Master Circular No. 4/2014-15
July 1, 2014
To,
All Category - I Authorised Dealer banks
Madam / Sir
Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin
Acquisition and transfer of immovable property in India by NRIs / PIOs / Foreign Nationals of Non-Indian Origin is regulated in terms ofSub-sections (3), (4) and (5) of Section 6of theForeign Exchange Management Act, 1999read withNotification No. FEMA ...
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Master Circular on Non-Resident Ordinary Rupee (NRO) Account
Posted Date : 02-Jul-2014 , 08:29:55 am | Posted By: CASANSAAR
RBI/2014-15/7
Master Circular No. 2/2014-15
July 1, 2014
To,
All Authorised Dealer Category – I banks and Authorised banks
Madam/ Sir
Master Circular on Non-Resident Ordinary Rupee (NRO) Account
The acceptance of deposits by an Authorised Dealer /Authorised bank from persons resident outside India are regulated by the provisions ofsub-sections (1) and (2) of section 6of theForeign Exchange Management Act, 1999read withFEMA Notification No.5/2000 - RB dated May 3, 2000, as amended fr...
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Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals
Posted Date : 02-Jul-2014 , 08:28:42 am | Posted By: CASANSAAR
RBI/2014-2015/8
Master Circular No. 8 /2014-15
July 01, 2014
To
All Authorised Dealer Category – I banks and Authorised banks
Madam / Sir
Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals
Remittance facilities for Non-Residents /Persons of Indian Origin /Foreign Nationals are being governed bysub-section (1) and (2) of section 6of theForeign Exchange Management Act, 1999read with FEMANotification No.13/2000-RBand FEMANot...
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