Notifications

RbiAnnouncementWeb

FEMA Notifications Banner

Search Results

May 26, 2016

Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999

RBI/2015-16/412 A.P. (DIR Series) Circular No.73 May 26, 2016 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 is invited to paragraph number 7 and 8 of the Master Direction on Compounding of Contraventions under FEMA, 1999 issued vide FED Master Direction No.4/2015-16 da

PDF ( 121332 )

May 20, 2016

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Seventh Amendment) Regulations, 2016

Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No.FEMA.368/2016-RB May 20, 2016 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Seventh Amendment) Regulations, 2016 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 am

PDF ( 186271 )

May 19, 2016

Money Transfer Service Scheme - Submission of statement/returns under XBRL

RBI/2015-16/401 A.P. (DIR Series) Circular No.70 May 19, 2016 To All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme Money Transfer Service Scheme - Submission of statement/returns under XBRL Madam / Sir, Attention of Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) is invited to the A.P. (DIR Series) Circular No. 89 dated March 12, 2013 in terms of which all Authorised Persons, who are Indian Agents un

PDF ( 79793 )

May 19, 2016

Rupee Drawing Arrangement - Submission of statement/returns under XBRL

RBI/2015-16/402 A.P. (DIR Series) Circular No.71 May 19, 2016 To All Authorised Dealer Category - I Banks Rupee Drawing Arrangement - Submission of statement/returns under XBRL Madam / Sir, Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited to the A.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008 and the A. P. (DIR Series) Circular No. 7 dated July 18, 2014 in terms of which AD Cat- I banks were requ

PDF ( 141247 )

May 12, 2016

Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) in India by foreign entities - procedural guidelines

RBI/2015-16/397 A.P. (DIR Series) Circular No.69 [(1)/22(R)] May 12, 2016 To All Authorised Dealers Category - I Banks Madam / Sir, Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) in India by foreign entities - procedural guidelines Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Notification No. FEMA 22(R) /2016-RB dated March 31, 2016 viz. Foreign Exchange Management (Establishment in India of a branch

PDF ( 96349 )

May 12, 2016

Foreign Exchange Management (Exports of Goods and Services) Regulations, 2015

RBI/2015-16/395 A.P. (DIR Series) Circular No.68 [(1)/23(R)] May 12, 2016 To All AD Category - I Authorised Dealer Banks Madam/ Sir Foreign Exchange Management (Exports of Goods and Services) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign Exchange Management Act, 1999 (hereinaft

PDF ( 282839 )

May 05, 2016

Foreign Exchange Management (Deposit) Regulations, 2016

RBI/2015-16/390 A.P. (DIR Series) Circular No. 67/2015-16 [(1)/5(R)] May 05, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/Sir Foreign Exchange Management (Deposit) Regulations, 2016 Attention of Authorised Dealers (ADs) is invited to (a) A.D. (M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign Exchange Management Act, 1999 (herein

PDF ( 70550 )

May 02, 2016

Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 (Amended upto March 04, 2020)

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 14(R)/2016-RB May 02, 2016 (Amended upto March 04, 2020) (Amended upto November 13, 2019) Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA.14/ 2000-RB dated May 3, 2000, as amended from t

PDF ( 237497 )

Apr 28, 2016

Foreign Exchange Management (Remittance of Assets) Regulations, 2016

RBI/2015-16/384 A.P. (DIR Series) Circular No. 64/2015-16 [(1)/13(R)] April 28, 2016 To All Category - I Authorised Dealer and Authorised Banks Madam/ Sir Foreign Exchange Management (Remittance of Assets) Regulations, 2016Attention of Authorised Dealers (ADs) is invited to (a) A.D. (M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign Exchange Management Ac

PDF ( 81503 )

Apr 28, 2016

Import of Goods: Import Data Processing and Monitoring System (IDPMS)

RBI/2015-16/385 A.P. (DIR Series) Circular No.65 April 28, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Import of Goods: Import Data Processing and Monitoring System (IDPMS) Attention of Authorised Dealers is invited to Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Government of India Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account Transaction) Rules, 2000 on import of go

PDF ( 82668 )

Apr 28, 2016

Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-Resident Exchange Houses: Rupee Drawing Arrangement

RBI/2015-16/386 A.P. (DIR Series) Circular No.66 April 28, 2016 To, All Authorised Dealer Category-I Banks Madam / Sir, Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non- Resident Exchange Houses: Rupee Drawing Arrangement Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph (C) 3 vii of the A. P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 06, 2008 and paragraph No. 3(h

PDF ( 74499 )

Apr 28, 2016

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2016

Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No.FEMA.363/2016-RB April 28, 2016 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2016 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 am

PDF ( 33464 )

Apr 21, 2016

Foreign Investment in units issued by Real Estate Investment Trusts, Infrastructure Investment Trusts and Alternative Investment Funds governed by SEBI regulations

RBI/2015-16/377 A.P. (DIR Series) Circular No. 63 April 21, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Foreign Investment in units issued by Real Estate Investment Trusts, Infrastructure Investment Trusts and Alternative Investment Funds governed by SEBI regulationsAttention of Authorised Dealers Category – I (AD Category - I) banks is invited to the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations 2000, notified vid

PDF ( 33592 )

Apr 13, 2016

Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director

RBI/2015-16/371 A.P. (DIR Series) Circular No.59 April 13, 2016 To All Authorised Dealer Banks Madam / Sir, Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director Attention of Authorised Dealers Banks is invited to Regulation 3 of the Foreign Exchange Management (Deposit) Regulations, 2016, notified vide Notification No. FEMA 5(R)/2016-RB dated April 1, 2016, in terms of which no person resident in India shall accept

PDF ( 16596 )

Apr 13, 2016

Issuance of Rupee denominated bonds overseas

RBI/2015-16/372A.P. (DIR Series) Circular No.60 April 13, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Issuance of Rupee denominated bonds overseas Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to the provisions contained in A.P. (DIR Series) circular No. 17 dated September 29, 2015 on issuance of Rupee denominated bonds overseas and paragraph no. 3.2, 3.3.1, 3.3.3 and 3.3.9 of Master Direction No.5 dated January 1, 2016

PDF ( 32580 )

Apr 13, 2016

Overseas Direct Investment - Submission of Annual Performance Report

RBI/2015-16/373 A.P. (DIR Series) Circular No.61 April 13, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Overseas Direct Investment - Submission of Annual Performance Report Attention of the Authorised Dealer (AD - Category I) banks is invited to 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 Notification), as amended from time to time.

PDF ( 629203 )

Apr 13, 2016

Overseas Direct Investment (ODI) - Rationalization and reporting of ODI Forms

RBI//2015-16/374 A.P. (DIR Series) Circular No.62 April 13, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investment (ODI) – Rationalization and reporting of ODI Forms Attention of the Authorised Dealer (AD - Category I) banks is invited to 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 Notification), as amended from time

PDF ( 1195144 )

Apr 01, 2016

Foreign Exchange Management (Deposit) Regulations, 2016 (Amended upto August 14, 2024)

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 5(R)/2016-RB April 01, 2016 (Amended upto November 13, 2019) (Amended upto July 16, 2019)(Amended upto November 09, 2018) Foreign Exchange Management (Deposit) Regulations, 2016 In exercise of the powers conferred by clause (f) of sub-section (3) of section 6, sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession o

PDF ( 849749 )

Apr 01, 2016

Foreign Exchange Management (Remittance of Assets) Regulations, 2016

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 13 (R)/2016-RB April 01, 2016 Foreign Exchange Management (Remittance of Assets) Regulations, 2016 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession of Notification No. FEMA 13/2000-RB dated May 3, 2000, as amended from time to time, the Reserve Bank makes the following regulations in respec

PDF ( 89871 )

Mar 31, 2016

Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 (Amended upto January 21, 2019)

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400001 Notification No. FEMA 22(R)/ 2016-RB March 31, 2016 (Amended upto January 21, 2019) (Amended upto August 31, 2018) Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42

PDF ( 264214 )

Mar 31, 2016

Import of Rough, Cut and Polished Diamonds

RBI/2015-16/351 A.P. (DIR Series) Circular No.57 March 31, 2016 To, All Authorised Dealer Category – I Banks Madam/ Sir, Import of Rough, Cut and Polished Diamonds Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the A.P.(DIR Series) Circular No.2 dated July 7, 2014 and para no C.12.1(a) of Master Direction no. 17 dated January 01, 2016 on Import of Goods and Services, in terms of which AD Category - I banks were permitted to approve C

PDF ( 21332 )

Mar 31, 2016

Foreign Direct Investment (FDI) in India - Review of FDI policy -Insurance sector

RBI/2015-16/350A.P. (DIR Series) Circular No.58 March 31, 2016 To All Authorised Dealer Category – I Banks Madam/Sir, Foreign Direct Investment (FDI) in India – Review of FDI policy –Insurance sector 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, notified by the Reserve Bank vide Notification No. FEMA 20/2000-RB dated 3

PDF ( 19464 )

Mar 30, 2016

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fifth Amendment) Regulations, 2016

Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No.FEMA.366/2016-RB March 30, 2016 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fifth Amendment) Regulations, 2016 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 am

PDF ( 27190 )

Mar 30, 2016

External Commercial Borrowings (ECB) - Revised framework

RBI/2015-16/349 A.P. (DIR Series) Circular No.56 March 30, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) – Revised framework Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.32 dated November 30, 2015 and paragraph no. 1.8, 2.2, 2.4.1, 2.4.2, 2.4.5, 2.4.6, 2.5, 2.16 and 2.16.xiii of Master Direction No.5 dated January 1, 2016 on External Commercial Borrowings,

PDF ( 24360 )

Mar 29, 2016

Investment by Foreign Portfolio Investors (FPI) in Government Securities

RBI/2015-16/348 A.P. (DIR Series) Circular No. 55 March 29, 2016 To, All Authorised Persons Madam/ Sir, Investment by Foreign Portfolio Investors (FPI) in Government 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 vide Notification No. FEMA.20/2000- RB dated May 3, 2000, as amended from tim

PDF ( 91265 )

Mar 23, 2016

Diamond Dollar Account (DDA) - Reporting Mechanism

RBI/2015-16/346 A.P. (DIR Series) Circular No.54 March 23, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Diamond Dollar Account (DDA) – Reporting Mechanism Attention of Authorized Dealer Category – I (AD Category –I) banks is invited to Part IX, Para 1(e) of the Master Direction on Reporting under Foreign Exchange Management Act, 1999, as updated from time to time, in terms of which AD Category-I banks have been advised to submit quarterly reports giving

PDF ( 19451 )

Mar 03, 2016

Grant of EDF Waiver for Export of Goods Free of Cost

RBI/2015-16/332 A.P. (DIR Series) Circular No.53 March 03, 2016 To All Category - I Authorised Dealer Banks Madam / Sir, Grant of EDF Waiver for Export of Goods Free of Cost Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 94 dated April 26, 2003 in terms of which GR waiver to exporters for export of goods free of cost had been enabled. The facility had been extended to the Status Holders vide para 2.52.1 of Handbook of Procedures- Vol-I of

PDF ( 17367 )

Feb 15, 2016

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2016

Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No.FEMA.361/2016-RB February 15, 2016 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2016 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 amend

PDF ( 39976 )

Feb 15, 2016

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2016

Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No.FEMA.362/2016-RB February 15, 2016 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2016 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 followin

PDF ( 217860 )

Feb 11, 2016

Compilation of R-Returns: Reporting under FETERS

RBI/2015-16/317 A.P. (DIR Series) Circular No. 50 February 11, 2016 To, All Authorised Dealers in Foreign Exchange Madam / Sir, Compilation of R-Returns: Reporting under FETERS Attention of Authorised Dealer (Category I) banks is invited to A.P.(DIR Series) Circular No.84 dated February 29, 2012 giving guidelines for compilation of R-Returns for reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS), A.P.(DIR Series) Circular No.101 dat

PDF ( 109540 )

Feb 11, 2016

Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments

RBI/2015-16/318 A.P. (DIR Series) Circular No. 51 February 11, 2016 To, All Authorised Dealer Category – I Banks Madam/Sir, Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2000, notified by the Reserve Bank vide Notification No. FEMA. 10 (R) /2015-R

PDF ( 20720 )

Feb 11, 2016

Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares

RBI/2015-16/319 A.P. (DIR Series) Circular No. 52 February 11, 2016 To, All Authorised Dealer Category – I Banks Madam/Sir, Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares 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, notified by the Reserve Bank vide Notification No. FEMA. 20/2000-RB da

PDF ( 20831 )

Feb 04, 2016

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR

RBI/2015-16/305 A.P. (DIR Series) Circular No. 41 February 04, 2016 To All Category - l Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 25 dated November 05, 2015 wherein the Rupee value of the Special Currency Basket was indicated as Rs. 78.1657270 effecti

PDF ( 16397 )

Feb 04, 2016

Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015

RBI/2015-16/308 A.P. (DIR Series) Circular No. 43/2015-16 [(1)/7(R)] February 04, 2016 To All Category - I Authorised Dealer and Authorised Banks Madam/ Sir Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued und

PDF ( 20379 )

Feb 04, 2016

Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015

RBI/2015-16/309 A.P. (DIR Series) Circular No.44/2015-16 [(1)/10(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under

PDF ( 43615 )

Feb 04, 2016

Settlement of Export/ Import transactions in currencies not having a direct exchange rate

RBI/2015-16/307 A.P. (DIR Series) Circular No. 42 February 4, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Settlement of Export/ Import transactions in currencies not having a direct exchange rate Attention of Authorised Dealer Category I (AD Category – I) banks is invited to Notification No. FEMA. 14 /RB -2000, dated 3rd May 2000, as amended from time to time, dealing with manner of receipt and payment, in terms of which export proceeds for exports fr

PDF ( 17884 )

Feb 04, 2016

Foreign Exchange Management (Export and Import of Currency) Regulations, 2015

RBI/2015-16/310 A.P. (DIR Series) Circular No. 45/2015-16 [(1)/6(R)] February 04, 2016 To All Authorised Persons Madam/ Sir Foreign Exchange Management (Export and Import of Currency) Regulations, 2015Attention of Authorised Persons is invited to Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 notified vide Notification No. FEMA.6(R)/ 2015-RB dated December 29, 2015, c.f. G.S.R. No.1004 (E) dated December 29, 2015, which supersedes the Fo

PDF ( 25303 )

Feb 04, 2016

Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015

RBI/2015-16/311 A.P. (DIR Series) Circular No.46/2015-16 [(1)/9(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015 notified vide Notification No. FEMA. 9(R)/2015-R

PDF ( 22409 )

Feb 04, 2016

Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015

RBI/2015-16/312 A.P. (DIR Series) Circular No.47/2015-16 [(1)/11(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 notified vide Notification No. FEMA. 11(R)/2015-RB dated December 29, 2015,

PDF ( 18598 )

Feb 04, 2016

Definition of "Currency", 2015

RBI/2015-16/313 A.P. (DIR Series) Circular No.48/2015-16 [(1)/15(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Definition of "Currency", 2015 Attention of Authorised Dealers (ADs) is invited to Notification No. FEMA. 15(R)/2015-RB dated December 29, 2015 notified vide G.S.R. No.1008 (E) dated December 29, 2015, which supersedes the Notification No. FEMA 15/2000-RB. 2. Synopsis of the new regulations is given as under: Deb

PDF ( 17337 )

Feb 04, 2016

Post Office (Postal Orders/Money Orders), 2015

RBI/2015-16/314 A.P. (DIR Series) Circular No.49/2015-16 [(1)/18(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Post Office (Postal Orders/Money Orders), 2015 Attention of Authorised Dealers (ADs) is invited to Notification No. FEMA. 18(R)/2015-RB dated December 29, 2015 notified vide G.S.R. No.1009 (E) dated December 29, 2015, which supersedes the Notification No. FEMA.18/2000-RB. 2. Synopsis of the new regulations is giv

PDF ( 34115 )

Feb 01, 2016

Foreign Direct Investment -Reporting under FDI Scheme, Mandatory filing of form ARF, FCGPR and FCTRS on e-Biz platform and discontinuation of physical filing from February 8, 2016

RBI/2015-16/303 A.P. (DIR Series) Circular No. 40 February 01, 2016 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment –Reporting under FDI Scheme, Mandatory filing of form ARF, FCGPR and FCTRS on e-Biz platform and discontinuation of physical filing from February 8, 2016 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

PDF ( 35487 )

Jan 21, 2016

Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 10 (R) /2015-RB January 21, 2016 Foreign Exchange Management(Foreign currency accounts by a person resident in India)Regulations, 2015 In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 10/2000-RB dated May 3, 2000, as a

PDF ( 190314 )

Jan 21, 2016

Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2015

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 7(R)/ 2015-RB January 21, 2016 Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2015 In exercise of the powers conferred by clause (h) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 7/2000-RB d

PDF ( 125082 )

Jan 14, 2016

Export of Goods and Services - Project Exports

RBI/2015-16/287 A.P. (DIR Series) Circular No. 39 January 14, 2016 ToAll Category – I Authorised Dealer Banks Madam/ Sir, Export of Goods and Services – Project Exports Attention of Authorised Dealers is invited to Regulation 18 of Notification No. FEMA 23/2000-RB dated 3rd May 2000 viz. 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 proje

PDF ( 18295 )

Jan 12, 2016

Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 (Amended upto September 10, 2021)

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 23(R)/2015-RB January 12, 2016(Amended upto September 10, 2021) (Amended upto January 11, 2021)(Amended upto March 31, 2020) (Amended upto December 09, 2019) (Amended upto June 23, 2017) Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of Section 7 and s

PDF ( 222484 )

Dec 29, 2015

Post Office (Postal Orders/Money Orders)

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400001 Notification No. FEMA 18(R) /RB-2015 December 29, 2015 Post Office (Postal Orders/Money Orders) In pursuance of clause (a) of Section 3 of Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 18/2000-RB dated May 3, 2000, as amended from time to time, the Reserve Bank of India is pleased to permit any person to buy from any Post Office, in accor

PDF ( 70702 )

Dec 29, 2015

Definition of "Currency"

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400001 Notification No. FEMA 15 (R)/2015 - RB December 29, 2015 Definition of "Currency" In pursuance of clause (h) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 15/2000-RB dated May 3, 2000, as amended from time to time, the Reserve Bank notifies debit cards, ATM cards or any other instrument by whatever name called that can

PDF ( 150073 )

Dec 29, 2015

Foreign Exchange Management (Insurance) Regulations, 2015

Reserve Bank of India Foreign Exchange Department Central Office Mumbai 400 001 Notification No. FEMA. 12(R)/2015-RB December 29, 2015 Foreign Exchange Management (Insurance) Regulations, 2015 In exercise of the powers conferred by sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999, (42 of 1999), and in super cession of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes the foll

PDF ( 36786 )

Dec 29, 2015

Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 11(R)/2015-RB December 29, 2015 Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 In exercise of the powers conferred by clause (a) and clause (e) of Section 9, clause (d) and clause (g) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 1

PDF ( 79529 )

Dec 29, 2015

Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 9 (R)/2015-RB December 29, 2015 Foreign Exchange Management(Realisation, repatriation and surrender of foreign exchange)Regulations, 2015 In exercise of the powers conferred by Section 8, sub-section (6) of Section 10, clause (c) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 9

PDF ( 159980 )

Dec 29, 2015

Foreign Exchange Management (Export and import of currency) Regulations, 2015 (Amended up to December 04, 2020)

RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) Mumbai – 400001 Notification No. FEMA 6 (R)/2015-RB December 29, 2015(Amended up to December 04, 2020) (Amended up to August 18, 2020) (Amended up to February 26, 2019) Foreign Exchange Management (Export and import of currency) Regulations, 2015 In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6, subsection (2) of Section 47 of the Foreign Exchange Management Act, 1999

PDF ( 242499 )

Dec 17, 2015

Exim Bank's GoI supported Line of Credit of USD 5.38 million to the Fiji Sugar Corporation Limited

RBI/2015-16/270 A.P. (DIR Series) Circular No. 36 December 17, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 5.38 million to the Fiji Sugar Corporation Limited Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 04, 2015 with the Fiji Sugar Corporation Limited, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 5.38 million (USD

PDF ( 31791 )

Dec 17, 2015

Exim Bank's GoI supported Line of Credit of USD 34.50 million to the Government of the Democratic Republic of Congo

RBI/2015-16/271 A.P. (DIR Series) Circular No. 37 December 17, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 34.50 million to the Government of the Democratic Republic of CongoExport-Import Bank of India (Exim Bank) has entered into an Agreement dated May 28, 2015 with the Government of the Democratic Republic of Congo, for making available to the latter, a Government of India supported Line of Credit (LO

PDF ( 31551 )

Dec 17, 2015

Exim Bank's GoI supported Line of Credit of USD 109.942 million to the Government of the Democratic Republic of Congo

RBI/2015-16/272 A.P. (DIR Series) Circular No. 38 December 17, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 109.942 million to the Government of the Democratic Republic of Congo Export-Import Bank of India (Exim Bank) has entered into an Agreement dated May 28, 2015 with the Government of the Democratic Republic of Congo, for making available to the latter, a Government of India supported Line of Credit

PDF ( 31552 )

Dec 17, 2015

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2015

Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No.FEMA.360/2015-RB December 17, 2015 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2015 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 foll

PDF ( 44620 )

Dec 10, 2015

Guidelines on trading of Currency Futures and Exchange Traded Currency Options in Recognized Stock Exchanges - Introduction of Cross-Currency Futures and Exchange Traded Option Contracts

RBI/2015-16/267 A.P. (DIR Series) Circular No. 35 December 10, 2015 To All Authorised Dealer Category - I Banks Madam / Sir, Guidelines on trading of Currency Futures and Exchange Traded Currency Options in Recognized Stock Exchanges – Introduction of Cross-Currency Futures and Exchange Traded Option Contracts Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regul

PDF ( 322828 )

Dec 10, 2015

Exim Bank's GoI supported Line of Credit of USD 268.35 million to the Government of United Republic of Tanzania

RBI/2015-16/263 A.P. (DIR Series) Circular No. 33 December 10, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 268.35 million to the Government of United Republic of TanzaniaExport-Import Bank of India (Exim Bank) has entered into an Agreement dated June 19, 2015 with the Government of United Republic of Tanzania, for making available to the latter, a Government of India supported Line of Credit (LOC) of US

PDF ( 77948 )

Dec 10, 2015

Exim Bank's GoI supported Line of Credit of USD 55 million to the Government of Republic of Congo

RBI/2015-16/264 A.P. (DIR Series) Circular No. 34 December 10, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 55 million to the Government of Republic of Congo Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 25, 2015 with the Government of Republic of Congo, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 55 million (USD F

PDF ( 90494 )

Dec 07, 2015

Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2015

Reserve Bank of India Foreign Exchange Department Central Office Mumbai - 400 001Notification No.FEMA.357/2015-RB December 07, 2015 Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2015 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 14/2000-RB dated 3rd May, 2000, Reserve Bank of India makes the following amendments

PDF ( 11581 )

Dec 02, 2015

Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2015

Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai - 400 001 Notification No.FEMA.358/2015-RB December 02, 2015 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2015 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 Exchan

PDF ( 70368 )

Dec 02, 2015

Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2015

Reserve Bank of India Foreign Exchange Department Central Office Mumbai - 400 001 Notification No.FEMA.359/2015-RB December 02, 2015 Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2015 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 Ex

PDF ( 169512 )

Nov 30, 2015

External Commercial Borrowings (ECB) Policy - Revised framework

RBI/2015-16/255A.P. (DIR Series) Circular No.32 November 30, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir External Commercial Borrowings (ECB) Policy – Revised framework Attention of Authorised Dealer Category – I (AD Cat I) banks is invited to A.P. (DIR Series) Circular No. 5 dated August 1, 2005 containing the basic framework under which eligible resident entities can raise External Commercial Borrowings (ECB). Subsequent to issuance of this circular

PDF ( 281067 )

Nov 26, 2015

Import of Goods into India - Evidence of Import

RBI/2015-16/248 A.P. (DIR Series) Circular No. 29 November 26, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir Import of Goods into India – Evidence of Import Attention of the Authorised Dealers is invited to para A.10.1 of A.P. (DIR Series) Circular No. 106 dated June 19, 2003 in terms of which an importer has to submit as evidence of import, (a) the exchange control copy of the Bill of Entry for home consumption; (b) the exchange control copy of the Bil

PDF ( 15846 )

Nov 26, 2015

Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases

RBI/2015-16/249 A.P. (DIR Series) Circular No.30 November 26, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to clause 3(f) of A. P. (DIR Series) Circular No.77 dated June 29, 2007, in terms of which AD Category I banks could allow advance remittance, without bank guarantee or an uncond

PDF ( 18801 )

Nov 26, 2015

Investment by Foreign Portfolio Investors (FPI) in Corporate Bonds

RBI/2015-16/253 A.P. (DIR Series) Circular No.31 November 26, 2015 To All Authorised Persons Madam/ Sir, Investment by Foreign Portfolio Investors (FPI) in Corporate Bonds 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@@NBSP@@Notification No. FEMA.20/2000- RB dated May 3, 2000, as amended from t

PDF ( 209526 )

Nov 16, 2015

Foreign Exchange Management (Permissible Capital Account Transactions) (Fourth Amendment) Regulations, 2015

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No. FEMA. 345/2015-RBNovember 16, 2015 Foreign Exchange Management (Permissible Capital Account Transactions) (Fourth Amendment) Regulations, 2015In exercise of the powers conferred by sub-section (2) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes, in consultation with the Central Governmen

PDF ( 32799 )

Nov 16, 2015

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2015

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No. FEMA. 355/2015-RB November 16, 2015 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2015 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 follow

PDF ( 29431 )

Nov 05, 2015

Switching from Barter Trade to Normal Trade at the Indo-Myanmar Border

RBI/2015-16/230 A. P. (DIR Series) Circular No. 26 November 05, 2015 To All Authorised Dealers in Foreign Exchange Madam / Sir, Switching from Barter Trade to Normal Trade at the Indo-Myanmar Border Attention of the Authorised Dealers is invited to A.D. (G.P. Series) Circular No.8 dated May 17, 1997 read with A.P.(DIR Series) Circular No. 17 dated October 16, 2000 in terms of which it has been stipulated that the border trade between Myanmar and India may be settled t

PDF ( 19754 )

Nov 05, 2015

Software Export - Filing of bulk SOFTEX-further liberalisation

RBI/2015-16/231 A.P. (DIR Series) Circular No.27 November 05, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir Software Export – Filing of bulk SOFTEX-further liberalisation Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 80 dated February 15, 2012, A.P. (DIR Series) Circular No. 66 dated January 01, 2013 and A.P. (DIR Series) Circular No. 43 dated September 13, 2013, in terms of which a software exporter, whose annual turnover

PDF ( 92538 )

Nov 05, 2015

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR

RBI/2015-16/228 A. P. (DIR Series) Circular No. 25 November 05, 2015 To, All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 10 dated September 03, 2015 wherein the Rupee value of the Special Currency Basket was indicated as Rs. 81.3268160 effe

PDF ( 14630 )

Nov 05, 2015

Risk Management & Inter-Bank Dealings: Relaxation of facilities for residents for hedging of foreign currency borrowings

RBI/2015-16/232 A.P. (DIR Series) Circular No. 28 November 5, 2015 To, All Authorised Dealer Category – I banks Madam / Sir, Risk Management & Inter-Bank Dealings: Relaxation of facilities for residents for hedging of foreign currency borrowingsAttention 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 dat

PDF ( 75659 )

Oct 30, 2015

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Tenth Amendment) Regulations, 2015

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No. FEMA.354/2015-RB October 30, 2015 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Tenth Amendment) Regulations, 2015 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 a

PDF ( 192984 )

Oct 29, 2015

No fresh permission/ renewal of permission to LOs of foreign law firms- Supreme Court’s directions

RBI/2015-16/215 A. P. (DIR Series) Circular No. 23 October 29, 2015 To, All Category - I Authorised Dealer Banks Madam / Sir, No fresh permission/ renewal of permission to LOs of foreign law firms- Supreme Court’s directions The Hon’ble Supreme Court vide its interim orders dated July 4, 2012 and September 14, 2015, passed in the case of the Bar Council of India vs A.K. Balaji & Ors., has directed RBI not to grant any permission to any foreign law firm, on or afte

PDF ( 20671 )

Oct 29, 2015

Subscription to National Pension System by Non-Resident Indians (NRIs)

RBI/2015-16/216 A.P. (DIR Series) Circular No. 24 October 29, 2015 To, All Authorised Dealer Category – I Banks Madam/Sir Subscription to National Pension System by Non-Resident Indians (NRIs) 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) Regulations, 2000, notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended f

PDF ( 19613 )

Oct 21, 2015

Annual Return on Foreign Liabilities and Assets (FLA Return) - Reporting by Limited Liability Partnerships

RBI/2015-16/210 A. P. (DIR Series) Circular No. 22 October 21, 2015 To All Authorised Dealer Category-I banks Madam / Sir, Annual Return on Foreign Liabilities and Assets (FLA Return) – Reporting by Limited Liability Partnerships Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to A.P (DIR Series) Circular No. 145 dated June 18, 2014 prescribing the format for filing of FLA return by Indian companies. 2. In order to capture the statistic

PDF ( 17321 )

Oct 08, 2015

Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation

RBI/2015-16/201 A. P. (DIR Series) Circular No. 20 October 8, 2015 To, All Authorised Dealer Category - I banks Madam / Sir, Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation Attention of Authorised Dealers Category-I (AD Cat-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

PDF ( 386373 )

Oct 08, 2015

Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)

RBI/2015-16/203 A. P. (DIR Series) Circular No. 21 October 08, 2015 To All Authorised Dealer Category-I banks Madam / Sir, Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)Attention of Authorised Dealer Category-I banks is invited to the Memorandum containing detailed procedural instructions for channeling transactions through the Asian Clearing Union (ACU) (Memorandum ACM) issued on February 17, 2010 and the subsequent amendment t

PDF ( 11213 )

Oct 06, 2015

Investment by Foreign Portfolio Investors (FPI) in Government Securities

RBI/2015-16/198 A.P. (DIR Series) Circular No 19 October 6, 2015 To, All Authorised Persons Madam/ Sir, Investment by Foreign Portfolio Investors (FPI) in Government 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 vide Notification No. FEMA.20/2000- RB dated May 3, 2000, as amended from tim

PDF ( 127052 )

Oct 06, 2015

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Ninth Amendment) Regulations, 2015

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No. FEMA.353/2015 RB Dated October 06, 2015 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Ninth Amendment) Regulations, 2015 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 follo

PDF ( 154276 )

Sep 30, 2015

Regularisation of assets held abroad by a person resident in India under Foreign Exchange Management Act, 1999

RBI/2015-16/195 A.P. (DIR Series) Circular No.18 September 30, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Regularisation of assets held abroad by a person resident in India under Foreign Exchange Management Act, 1999 The Government of India has enacted The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act) on May 26, 2015 to address the issue of undisclosed assets held abroad. It provides for separa

PDF ( 18850 )

Sep 30, 2015

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Seventh Amendment) Regulations, 2015

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No. FEMA.351/2015 RB Dated September 30, 2015 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Seventh Amendment) Regulations, 2015 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 f

PDF ( 16995 )

Sep 29, 2015

External Commercial Borrowings (ECB) Policy - Issuance of Rupee denominated bonds overseas

RBI/2015-16/193 A.P. (DIR Series) Circular No.17 September 29, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir External Commercial Borrowings (ECB) Policy - Issuance of Rupee denominated bonds overseas Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to the provisions contained in A.P. (DIR Series) Circular No. 5 dated August 01, 2005 as amended from time to time on External Commercial Borrowings (ECB). 2. In order to facilit

PDF ( 23566 )

Sep 25, 2015

Foreign Exchange Management (Regularization of assets held abroad by a person resident in India) Regulations, 2015

RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai- 400 001 Notification No. FEMA. 348/2015-RB Dated: September 25, 2015 Foreign Exchange Management (Regularization of assets held abroad by a person resident in India) Regulations, 2015. In exercise of the powers conferred by section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations relating to regularization of assets held abroad by a pe

PDF ( 12964 )

Sep 24, 2015

Opening of foreign currency accounts in India by ship-manning / crew-management agencies

RBI/2015-16/184 A.P. (DIR Series) Circular No.15 September 24, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Opening of foreign currency accounts in India by ship-manning / crew-management agencies Attention of Authorised Dealer Category-I (AD Category - I) banks is invited to Regulation 6 of Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000 notified vide Notification No. FEMA 10/2000-RB dated May 3

PDF ( 20540 )

Sep 24, 2015

Processing and settlement of import and export related payments facilitated by Online Payment Gateway Service Providers

RBI/2015-16/185 A.P. (DIR Series) Circular No.16 September 24, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Processing and settlement of import and export related payments facilitated by Online Payment Gateway Service Providers Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the A. P. (DIR Series) Circular No.109 dated June 11, 2013 read with A.P. (DIR Series) Circular No.17 dated November 16, 2010 in terms of which AD Ca

PDF ( 29429 )

Sep 16, 2015

Exim Bank's GoI supported Line of Credit of USD 26.24 million to the Government of Republic of Nicaragua

RBI/2015-16/177 A.P. (DIR Series) Circular No.14 September 16, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 26.24 million to the Government of Republic of Nicaragua Export-Import Bank of India (Exim Bank) has entered into an Agreement dated March 25, 2015 with the Government of Republic of Nicaragua, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 26.24 mil

PDF ( 90786 )

Sep 10, 2015

Exchange Earners’ Foreign Currency (EEFC) Account-Discontinuation of Statement pertaining to trade related loans and advances

RBI/2015-16/173 A.P. (DIR Series) Circular No.11 September 10, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exchange Earners’ Foreign Currency (EEFC) Account- Discontinuation of Statement pertaining to trade related loans and advancesAttention of Authorized Dealers Category –I (AD Category –I) banks is invited to A.P. (DIR Series) Circular No.78 dated February 14, 2003 in terms of which transactions relating to loans/ advances from EEFC account may be

PDF ( 22695 )

Sep 10, 2015

Guidelines for Grant of Authorisation for Additional Branches of FFMC/AD Cat. II

RBI/2015-16/174 A.P. (DIR Series) Circular No.12 September 10, 2015 To All Authorised Persons Madam/Sir, Guidelines for Grant of Authorisation for Additional Branches of FFMC/AD Cat. IIAttention of FFMC/AD Cat. II licence holders is invited to paragraph (B) of Annex- I to A.P. (DIR Series) Circular No. 57 dated March 9, 2009 on Memorandum of Instructions governing money changing activities, wherein guidelines for grant of authorization for additional branches had been

PDF ( 20043 )

Sep 10, 2015

Trade Credit Policy - Rupee (INR) Denominated trade credit

RBI/2015-16/175 A.P. (DIR Series) Circular No.13 September 10, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir Trade Credit Policy - Rupee (INR) Denominated trade creditAttention of Authorized Dealer Category - I (AD Category - I) banks is invited to Schedule III to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 notified vide Notification No. FEMA 3/2000-RB dated May 03, 2000 read with Regulation 6(3) of the s

PDF ( 17728 )

Sep 03, 2015

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR

RBI/2015-16/169 A.P. (DIR Series) Circular No.10 September 03, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 105 dated May 28, 2015 wherein the Rupee value of the Special Currency Basket was indicated as Rs. 77.6331180 effective f

PDF ( 22416 )

Aug 21, 2015

Foreign Direct Investment - Reporting under FDI Scheme on the e-Biz platform

RBI/2015-16/157 A.P. (DIR Series) Circular No. 9 August 21, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment – Reporting under FDI Scheme on the e-Biz platform 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 vide Notification No. FEMA 2

PDF ( 29438 )

Aug 13, 2015

Exim Bank's GoI supported Line of Credit of USD 6.20 million to Myanma Foreign Trade Bank

RBI/2015-16/151 A.P.(DIR Series) Circular No.8 August 13, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 6.20 million to Myanmar Foreign Trade Bank Export-Import Bank of India (Exim Bank) has entered into an Agreement dated May 22, 2015 with the Myanma Foreign Trade Bank, Republic of Union of Myanmar, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 6.20 milli

PDF ( 32275 )

Aug 06, 2015

Exim Bank's GoI supported Line of Credit of USD 18.08 million to the Government of Republic of Chad

RBI//2015-16/146 A.P. (DIR Series) Circular No.7 August 06, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 18.08 million to the Government of Republic of Chad Export-Import Bank of India (Exim Bank) has entered into an agreement on August 6, 2014 with the Government of Republic of Chad, for making available to the latter, a line of credit (LOC) of USD 18.08 million (USD Eighteen Million and Eighty Thousand

PDF ( 90582 )

Jul 24, 2015

Foreign Exchange Management (Export of Goods & Services) (Second Amendment) Regulations, 2015

RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai- 400 001 Notification No. FEMA.347/2015-RB Dated July 24, 2015 Foreign Exchange Management (Export of Goods & Services) (Second Amendment) Regulations, 2015 In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of Section 7 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification

PDF ( 33002 )

Jul 16, 2015

Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to persons resident outside India

RBI/2015-16/128 A.P. (DIR Series) Circular No.4 July 16, 2015 To All Category – I Authorised Dealer banks Madam/Sir, Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to persons resident outside India Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Regulation 8 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, notified by the Reserve Ban

PDF ( 36627 )

Jul 16, 2015

Export factoring on non-recourse basis

RBI/2015-16/129 A.P. (DIR Series) Circular No.5@@NBSP@@@@NBSP@@ July 16, 2015 To All Authorised Dealers in Foreign Exchange Madam/ Sir, Export factoring on non-recourse basisIn order to facilitate exports, Authorised Dealer Category – I (AD Category –I) banks have been permitted to provide ‘export factoring’ services to exporters on ‘with recourse’ basis by entering into arrangements with overseas institutions for this purpose without prior approval from the Reserve B

PDF ( 23401 )

Jul 09, 2015

Exim Bank's GoI supported Line of Credit of USD 15.13 million to the Government of Republic of Djibouti

RBI/2015-16/121 A.P. (DIR Series) Circular No.3 July 09, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's GoI supported Line of Credit of USD 15.13 million to the Government of Republic of Djibouti Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 9, 2015 with the Government of Republic of Djibouti, for making available to the latter, a Line of Credit (LOC) of USD 15.13 million (USD Fifteen Million One Hundred a

PDF ( 90162 )

Jul 03, 2015

Investment in companies engaged in tobacco related activities

RBI/2015-16/116 A.P. (DIR Series) Circular No.2 July 3, 2015 To All Authorised Persons Madam/ Sir, Investment in companies engaged in tobacco related activities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Annex A of Schedule 1 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 May 3, 2000, and Notification No. FEMA

PDF ( 36842 )

Jul 02, 2015

Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality

RBI/2015-16/110 A.P. (DIR Series) Circular No.1 July 02, 2015 To All Authorised Dealers in Foreign Exchange Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality Attention of the Authorised Dealers is invited to i) Regulation 3 of the Notification No. FEMA 23/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended from time to time, in ter

PDF ( 29558 )