| Notifications/Circulars |
Category : FEMA |
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Money changing Activities - Powers of Director to impose Fine
Posted Date : 17-Jun-2014 , 08:21:45 am | Posted By: CASANSAAR
RBI/2013-14/642A. P. (DIR Series) Circular No. 143
June 16, 2014
To,
All Authorised Persons
Madam / Sir,
Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/ Combating the Financing of Terrorism (CFT)/ Obligation of Authorised Persons under Prevention of Money Laundering Act (PMLA), 2002 – Amendment to Section 13(2) – Money Changing Activities
Please refer to ourA.P. (DIR Series) Circular No.17 [A.P. (FL/RL Series) Circular No.04] dated November 27, 2009on &lsq...
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FEMA |
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Transfer of assets of Liaison Office (LO) / Branch Office (BO) / Project Office (PO) of a foreign entity either to its Wholly Owned Subsidiary (WOS) / Joint Venture (JV) / Others in India– Delegation of powers to AD Banks
Posted Date : 13-Jun-2014 , 07:38:13 am | Posted By: CASANSAAR
RBI/2013-14/640
A.P. (DIR Series) Circular No.142
June 12, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Transfer of assets of Liaison Office (LO) / Branch Office (BO) / Project Office (PO) of a foreign entity either to its Wholly Owned Subsidiary (WOS) / Joint Venture (JV) / Others in India– Delegation of powers to AD Banks.
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to theA.P. (DIR Series) Circular No. 88 dated March 01, 201...
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FEMA |
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Pledge of shares for business purposes in favour NBFCs
Posted Date : 06-Jun-2014 , 07:21:04 pm | Posted By: CASANSAAR
RBI/2013-14/633A.P. (DIR Series) Circular No.141
June 6, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Pledge of shares for business purposes in favour NBFCs
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the provisions of Para. 2 (i) ofA. P. (DIR Series) Circular No. 57 dated May 2, 2011, in terms of which shares of an Indian company held by the non-resident investor can be pledged in favour of a bank in India to secure t...
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FEMA |
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Foreign investment in India – participation by registered FPIs, SEBI registered long term investors and NRIs in non-convertible/redeemable preference shares or debentures of Indian companies
Posted Date : 06-Jun-2014 , 07:20:17 pm | Posted By: CASANSAAR
RBI/2013-14/632A.P. (DIR Series) Circular No.140
June 6, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Foreign investment in India – participation by registered FPIs, SEBI registered long term investors and NRIs in non-convertible/redeemable preference shares or debentures of Indian companies
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 Reside...
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FEMA |
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Foreign investment in the Insurance Sector – Amendment to the Foreign Direct Investment Scheme
Posted Date : 06-Jun-2014 , 08:46:30 am | Posted By: CASANSAAR
RBI/2013-14/629A.P. (DIR Series) Circular No.139
June 5, 2014
ToAll Category – I Authorised Dealer Banks
Madam/ Sir,
Foreign investment in the Insurance Sector – Amendment to the Foreign Direct Investment Scheme
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 (the Principal Regulations), not...
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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 : 04-Jun-2014 , 07:44:11 am | Posted By: CASANSAAR
RBI/2013-14/624A.P. (DIR Series) Circular No.138
June 3, 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 theA.P.(DIR Series) Circular No 24 dated August 14, 2013and the subsequent clarifications issued videA.P. (DIR Series) Circular No 32 dated September 04, 2013regarding the...
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FEMA |
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Crystallization of Inoperative Foreign Currency Deposits
Posted Date : 28-May-2014 , 08:10:20 pm | Posted By: CASANSAAR
RBI/2013-14/616A.P. (DIR Series) Circular No.136
May 28, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Crystallization of Inoperative Foreign Currency Deposits
The Reserve Bank of India, in exercise of the powers conferred by subsections (1) and (5) of Section 26(A) of the Banking Regulation Act, 1949 (10 of 1949) has formulated the Reserve Bank (Depositor Education and Awareness Fund) Scheme, 2014. This Fund will be credited with the credit balances of any account in India...
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FEMA |
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Risk Management and Inter Bank Dealings
Posted Date : 28-May-2014 , 07:45:08 am | Posted By: CASANSAAR
RBI/2013-14/613A.P.(DIR Series) Circular No.135
May 27, 2014
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings
Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB-2000 dated May 3, 2000) as amended from time to time andA.P. (DIR Series) circular no. 32 dated December 28, 2010, as amen...
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FEMA |
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Import of Gold by Nominated Banks / Agencies / Entities
Posted Date : 22-May-2014 , 07:43:50 am | Posted By: CASANSAAR
RBI/2013-14/600A.P. (DIR Series) Circular No.133
May 21, 2014
To
All Scheduled Commercial Banks which are Authorized 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) Circular No. 25 dated August 14, 2013; and the subsequent circulars, on the captioned subject.
2. The Government of India and Reserve Bank of India has ...
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FEMA |
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Export of Goods - Long Term Export Advances
Posted Date : 22-May-2014 , 07:42:21 am | Posted By: CASANSAAR
RBI/2013-14/597A.P. (DIR Series) Circular No.132
May 21, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Export of Goods - Long Term Export Advances
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 videNotification No.FEMA.23/RB- 2000, dated 3rd May 2000, as amended from time to time, in terms of which prior ...
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FEMA |
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Overseas Direct Investments - Limited Liability Partnership (LLP) as Indian Party
Posted Date : 19-May-2014 , 07:33:52 pm | Posted By: CASANSAAR
RBI/2013-14/595A.P. (DIR Series) Circular No.131
May 19, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Overseas Direct Investments – Limited Liability Partnership (LLP) as Indian Party
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 amended from time to time.
2. On a review,...
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FEMA |
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External Commercial Borrowings (ECB) from Foreign Equity Holder - Simplification of Procedure
Posted Date : 17-May-2014 , 07:56:02 am | Posted By: CASANSAAR
RBI/2013-14/594A.P. (DIR Series) Circular No.130
May 16, 2014
To
All Category – I Authorised Dealer Banks
Madam/Sir,
External Commercial Borrowings (ECB) from Foreign Equity Holder - Simplification of Procedure
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No. 05 dated August 01, 2005as amended from time to time relating to the External Commercial Borrowings (ECB). Attention is also invited toA. P. (DIR Ser...
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FEMA |
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External Commercial Borrowings (ECB) Policy - Refinance / Repayment of Rupee loans raised from domestic banking system
Posted Date : 10-May-2014 , 08:01:48 am | Posted By: CASANSAAR
RBI/2013-14/585A.P. (DIR Series) Circular No.129
May 9, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
External Commercial Borrowings (ECB) Policy - Refinance / Repayment ofRupee loans raised from domestic banking system
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 28 dated January 25, 2010,A.P. (DIR Series) Circular No. 04 dated July 22, 2010,A.P. (DIR Series) Circular No. 25 dated September 23, 2011,A.P. (...
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FEMA |
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External Commercial Borrowings (ECB) Policy: Re-schedulement of ECB - Simplification of procedure
Posted Date : 10-May-2014 , 08:01:04 am | Posted By: CASANSAAR
RBI/2013-14/584A.P. (DIR Series) Circular No. 128
May 9, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
External Commercial Borrowings (ECB) Policy:Re-schedulement of ECB - Simplification of procedure
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the instructions contained inA.P. (DIR Series) Circular No.33 dated February 09, 2010in terms of which AD Category – banks are permitted to approve changes / modifications i...
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FEMA |
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Reporting mechanism for transfer of equity shares/ fully and mandatorily convertible preference shares/ fully and mandatorily convertible debentures
Posted Date : 03-May-2014 , 10:01:24 am | Posted By: CASANSAAR
RBI/2013-14/577A.P. (DIR Series) Circular No.127
May 2, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Foreign Direct Investment (FDI) in India –Reporting mechanism for transfer of equity shares/ fully and mandatorilyconvertible preference shares/ fully and mandatorily convertible debentures
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the following extant instructions:
in terms of A.P. (DIR Series) Circular No...
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FEMA |
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Foreign Direct Investment in Pharmaceuticals sector - clarification
Posted Date : 21-Apr-2014 , 10:19:16 pm | Posted By: CASANSAAR
RBI/2013-14/567A.P. (DIR Series) Circular No.124
April 21, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment in Pharmaceuticals sector – clarification
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No.56 dated December 9, 2011and the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified videNotification No...
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FEMA |
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Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP)
Posted Date : 18-Apr-2014 , 08:03:29 am | Posted By: May I Help You.
RBI/2013-14/566A.P. (DIR Series) Circular No. 123
April 16, 2014
To,All Category – I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP)
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Schedule I to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 (The Principal Regulations), notified videNotification No. FEMA 20/2000-RB dated Ma...
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FEMA |
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Trade Credits for Imports into India - Review of all-in-cost ceiling
Posted Date : 11-Apr-2014 , 09:16:45 am | Posted By: CASANSAAR
RBI/2013-14/561A.P. (DIR Series) Circular No.122
April 10, 2014
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 to theA.P. (DIR Series) Circular No. 56 dated September 30, 2013relating to 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 und...
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FEMA |
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External Commercial Borrowing (ECB) Policy - Review of all-in-cost ceiling
Posted Date : 11-Apr-2014 , 09:16:03 am | Posted By: CASANSAAR
RBI/2013-14/560A.P. (DIR Series) Circular No.121
April 10, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowing (ECB) Policy – Review of all-in-cost ceiling
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular no. 58 dated September 30, 2013relating 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 paragraph...
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FEMA |
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Rupee Drawing Arrangement - 'Direct to Account' Facility
Posted Date : 11-Apr-2014 , 09:15:08 am | Posted By: CASANSAAR
RBI/2013-14/559A.P. (DIR Series) Circular No.120
April 10, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Rupee Drawing Arrangement – ‘Direct to Account’ Facility
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 ...
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FEMA |
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Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation
Posted Date : 08-Apr-2014 , 07:32:42 am | Posted By: CASANSAAR
RBI/2013-14/557A.P. (DIR Series) Circular No. 119
April 07, 2014
To,
All Authorised Dealer Category – I banks
Madam / Sir,
Risk Management & Inter-Bank Dealings:Booking of Forward Contracts - Liberalisation
Please refer toparagraph 23of the first Bi-Monthly Monetary Policy Statement, 2014-15 wherein, inter alia, it has been proposed to allow all resident individuals, firms and companies with actual foreign exchange exposures to book foreign exchange derivative contracts up to US$...
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FEMA |
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Foreign investment in India in Government Securities
Posted Date : 08-Apr-2014 , 07:32:02 am | Posted By: CASANSAAR
RBI/2013-14/556A.P. (DIR Series) Circular No.118
April 07, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Foreign investment in India in Government Securities
Please refer to paragraph 24 of first bi-monthly Monetary Policy statement, 2014-15.
2. Attention of AD Category-I banks is invited toA.P.(DIR Series) Circular No.94 dated April 1, 2013read withA.P.(DIR Series) Circular No.111 dated June 12, 2013andA.P.(DIR Series) Circular No.112 dated March 25, 2014, in terms ...
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FEMA |
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Advance Remittance for Import of Rough Diamonds
Posted Date : 01-Apr-2014 , 09:24:04 pm | Posted By: CASANSAAR
RBI/2013-14/548A.P. (DIR Series) Circular No.116
April 1, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Advance Remittance for Import of Rough Diamonds
Attention of Authorised Dealer Category – I (AD Category –I) banks is invited toA.P. (DIR Series) Circular No 34 dated March 02, 2007in terms of which we had, based on the recommendations of Gems and Jewellery Export Promotion Council (GJEPC), notified the names five mining companies (since increased to nin...
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FEMA |
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Merchanting Trade Transactions - Revised guidelines
Posted Date : 29-Mar-2014 , 09:57:47 am | Posted By: CASANSAAR
RBI/2013-14/545A.P. (DIR Series) Circular No.115
March 28, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Merchanting Trade Transactions - Revised guidelines
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular Nos.106&4dated June 19, 2003 and July 19, 2003 respectively, containing directions relating to merchanting trade transactions. Further, in terms ofA.P. (DIR Series) Circular No. 95 dated January 17, 2014...
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FEMA |
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Risk Management and Inter Bank Dealings
Posted Date : 28-Mar-2014 , 06:55:24 am | Posted By: CASANSAAR
RBI/2013-14/540A.P. (DIR Series) Circular No.114
March 27, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings
Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB-2000 dated May 3, 2000) as amended from time to time andA.P. (DIR Series) circular no. 58 dated December 15, 20...
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FEMA |
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External Commercial Borrowings (ECB) for Civil Aviation Sector
Posted Date : 26-Mar-2014 , 10:03:45 pm | Posted By: CASANSAAR
RBI/2013-14/537A.P.(DIR Series) Circular No.113
March 26, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) for Civil Aviation Sector
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 113 dated April 24, 2012in terms of which External Commercial Borrowings (ECB) can be raised by airline companies for working capital as a permissible end-use, under the approval rout...
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FEMA |
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Foreign Portfolio Investor - investment under Portfolio Investment Scheme, Government and Corporate debt
Posted Date : 25-Mar-2014 , 10:08:38 pm | Posted By: CASANSAAR
RBI/2013-14/533A.P. (DIR Series) Circular No.112
March 25, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Foreign Portfolio Investor - investment under Portfolio Investment Scheme, Government and Corporate debt
Attention of Authorised Dealer 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 (the Principal Regulations) notified by the Reserve Bank vi...
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FEMA |
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Rupee Drawing Arrangement - Increase in trade related remittance limit
Posted Date : 13-Mar-2014 , 09:47:17 pm | Posted By: CASANSAAR
RBI/2013-14/516A. P. (DIR Series) Circular No. 111
March 13, 2014
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Rupee Drawing Arrangement - Increase in trade related remittance limit
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Part (B) of Annex-I 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 Curren...
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FEMA |
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Money Transfer Service Scheme – ‘Direct to Account’ facility
Posted Date : 04-Mar-2014 , 09:09:10 pm | Posted By: CASANSAAR
RBI/2013-14/511A.P. (DIR Series) Circular No. 110
March 4, 2014
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Madam / Sir,
Money Transfer Service Scheme – ‘Direct to Account’ facility
Attention of Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) is invited to Para 4.4 (e) Payment to Beneficiaries ofAnnex II- Section I of the A.P. (DIR Series) Circular No. 89 dated March 12, 2013 on Money Transfer ...
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FEMA |
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Export of Goods and Services: Export Data Processing and Monitoring System (EDPMS)
Posted Date : 28-Feb-2014 , 06:43:57 pm | Posted By: CASANSAAR
RBI/2013-14/507A.P. (DIR Series) Circular No. 109
February 28, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Export of Goods and Services:Export Data Processing and Monitoring System (EDPMS)
Attention of Authorised Dealers is invited toA. P. (DIR Series) Circular No. 12 dated September 9, 2000read withA.P. (DIR Series) Circular No.101 dated February 04, 2014in terms of which a comprehensive IT- based system called Export Data Processing and Monitoring System (EDPMS) h...
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