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ನವೆಂ 12, 2002
Memorandum of Instructions to Authorised Money Changers (AMCs)
A.P.(DIR Series) Circular No.43 (November 12, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 12, 2002A.P.(DIR Series) Circular No.43 A.P.(FL/RL Series) Circular No.1ToAll Authorised Persons in Foreign ExchangeMadam / Sirs,Memorandum of Instructions to Authorised Money Changers (AMCs)Attention of the Full Fledged Money Changers (FFMCs) and Restricted Money Changers (RMCs) is invited to the Memorandum FLM and Memorandum RLM containing the procedural instructions issued to FFMCs
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 12, 2002A.P.(DIR Series) Circular No.43 A.P.(FL/RL Series) Circular No.1ToAll Authorised Persons in Foreign ExchangeMadam / Sirs,Memorandum of Instructions to Authorised Money Changers (AMCs)Attention of the Full Fledged Money Changers (FFMCs) and Restricted Money Changers (RMCs) is invited to the Memorandum FLM and Memorandum RLM containing the procedural instructions issued to FFMCs
ನವೆಂ 12, 2002
Refund of purchase consideration on account of non-allotment
of flats/plots/cancellation of bookings/deals in respect of
immovable property purchased by NRIs/PIOs in India
A.P. (DIR Series) Circular No.46 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.46November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Refund of purchase consideration on account of non-allotment of flats/plots/cancellation of bookings/deals in respect of immovable property purchased by NRIs/PIOs in India Attention of authorised dealers is invited to paragraph 3 (i) of Schedule 1 to Reserve Bank of India. Notification No
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.46November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Refund of purchase consideration on account of non-allotment of flats/plots/cancellation of bookings/deals in respect of immovable property purchased by NRIs/PIOs in India Attention of authorised dealers is invited to paragraph 3 (i) of Schedule 1 to Reserve Bank of India. Notification No
ನವೆಂ 12, 2002
Commodity Hedging by Entities in the Special Economic Zones
A.P.(DIR Series)Circular No.44 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P.(DIR Series)Circular No.44November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Commodity Hedging by Entities in the Special Economic Zones Attention of authorised dealers is invited to paragraph 6 of Notification No.FEMA25/RB-2000 dated 3rd May, 2000 and paragraph A.6(i) Part A of the enclosure to A.P. DIR(Series) Circular No.19 dated January 24, 2002.2. The Notificatio
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P.(DIR Series)Circular No.44November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Commodity Hedging by Entities in the Special Economic Zones Attention of authorised dealers is invited to paragraph 6 of Notification No.FEMA25/RB-2000 dated 3rd May, 2000 and paragraph A.6(i) Part A of the enclosure to A.P. DIR(Series) Circular No.19 dated January 24, 2002.2. The Notificatio
ನವೆಂ 12, 2002
Repatriation of refund of funds received for purchase of shares
A.P. (DIR Series) Circular No.45 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.45November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Repatriation of refund of funds received for purchase of shares Under the current exchange control regulations authorised dealers require prior permission of the Reserve Bank to allow repatriation of funds received for purchase of shares. 2. It has now been decided to delegate the authority
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.45November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Repatriation of refund of funds received for purchase of shares Under the current exchange control regulations authorised dealers require prior permission of the Reserve Bank to allow repatriation of funds received for purchase of shares. 2. It has now been decided to delegate the authority
ನವೆಂ 12, 2002
Investment in Overseas Markets
A.P. (DIR Series) Circular No.42 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.42November 12, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Markets Attention of authorised dealers is invited to Paragraph 2 of AP(DIR Series) Circular No.38 dated November 2, 2002 on the above subject. We advise that credit ratings of securities for investment of undeployed FCNR(B) funds may be amended to read as AA(-) by Sta
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.42November 12, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Markets Attention of authorised dealers is invited to Paragraph 2 of AP(DIR Series) Circular No.38 dated November 2, 2002 on the above subject. We advise that credit ratings of securities for investment of undeployed FCNR(B) funds may be amended to read as AA(-) by Sta
ನವೆಂ 12, 2002
Foreign Exchange Management (Transfer or Issue of
Security by a Person Resident outside India) (Second Amendment)
Regulations, 2002
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA/76 /2002-RB dated 12th November 2002 Foreign Exchange Management ( Transfer or Issue of Security by a Person Resident outside India)( Second Amendment) Regulations, 2002 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) and in partial modification of its Notification
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA/76 /2002-RB dated 12th November 2002 Foreign Exchange Management ( Transfer or Issue of Security by a Person Resident outside India)( Second Amendment) Regulations, 2002 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) and in partial modification of its Notification
ನವೆಂ 08, 2002
Issue of Corporate Guarantee
in lieu of Bid Bond Guarantee
A.P.(DIR Series) Circular No.41 (November 8, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAIA.P.(DIR Series) Circular No.41 November 8, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of Corporate Guaranteein lieu of Bid Bond GuaranteeAttention of authorised dealers is invited to Regulation 5 of the Notification No.FEMA.8/2000-RB dated May 3, 2000 in terms of which a person other than authorised dealer is permitted to give a guarantee in certain types of cases. 2. Reserve Ba
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAIA.P.(DIR Series) Circular No.41 November 8, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of Corporate Guaranteein lieu of Bid Bond GuaranteeAttention of authorised dealers is invited to Regulation 5 of the Notification No.FEMA.8/2000-RB dated May 3, 2000 in terms of which a person other than authorised dealer is permitted to give a guarantee in certain types of cases. 2. Reserve Ba
ನವೆಂ 05, 2002
Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.40 (November 5, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 5, 2002A.P. (DIR Series) Circular No.40ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs).2. It is clarified that authorised deal
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 5, 2002A.P. (DIR Series) Circular No.40ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs).2. It is clarified that authorised deal
ನವೆಂ 05, 2002
Investment by NRIs/OCBs in Non-Convertible
Debentures - Redemption thereof
A.P. (Dir Series) Circular No.39 (November 5 , 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 November 5 , 2002A.P. (Dir Series) Circular No.39 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment by NRIs/OCBs in Non-Convertible Debentures – Redemption thereof Authorised Dealers are aware that Indian companies were being permitted under FERA,1973 ( since repealed) to issue non-convertible debentures (NCDs) to NRIs/OCBs . While granting such permission to the Indian compan
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 November 5 , 2002A.P. (Dir Series) Circular No.39 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment by NRIs/OCBs in Non-Convertible Debentures – Redemption thereof Authorised Dealers are aware that Indian companies were being permitted under FERA,1973 ( since repealed) to issue non-convertible debentures (NCDs) to NRIs/OCBs . While granting such permission to the Indian compan
ನವೆಂ 02, 2002
Investment in Overseas Markets
A.P.(DIR Series) Circular No.38 ( November 2, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001November 2, 2002A.P.(DIR Series) Circular No.38 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Markets Attention of authorised dealers is invited to item (i) of paragraph 3 of A.P. (DIR Series) Circular No.40 dated April 29, 2002 in terms of which authorised dealers have been permitted to invest the undeployed FCNR(B) funds in overseas markets in long-term fixed
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001November 2, 2002A.P.(DIR Series) Circular No.38 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Markets Attention of authorised dealers is invited to item (i) of paragraph 3 of A.P. (DIR Series) Circular No.40 dated April 29, 2002 in terms of which authorised dealers have been permitted to invest the undeployed FCNR(B) funds in overseas markets in long-term fixed

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