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जुलै 21, 2003
Foreign Technology Collaboration - Royalty Payment - Liberalisation
A.P. (DIR Series) Circular No.5 (July 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai - 400 001A.P. (DIR Series) Circular No.5 July 21, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Foreign Technology Collaboration – Royalty Payment – Liberalisation Attention of authorised dealers is drawn to the Government policy on payment of royalty under Foreign Technology Collaboration. Presently, only wholly owned subsidiaries are allowed to pay royalty to offshore parent compani
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai - 400 001A.P. (DIR Series) Circular No.5 July 21, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Foreign Technology Collaboration – Royalty Payment – Liberalisation Attention of authorised dealers is drawn to the Government policy on payment of royalty under Foreign Technology Collaboration. Presently, only wholly owned subsidiaries are allowed to pay royalty to offshore parent compani
जुलै 19, 2003
Merchanting Trade Transactions - Clarifications - Short term credit
A.P. (DIR Series) Circular No.4 (July 19, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.4July 19, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Merchanting Trade Transactions – Clarifications - Short term credit Attention of authorised dealers is invited to the provisions of A.P.(DIR Series) circular No.25 dated September 27, 2002 regarding simplification of procedure for financing imports into India by way of Suppliers' or Buyers' Cre
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.4July 19, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Merchanting Trade Transactions – Clarifications - Short term credit Attention of authorised dealers is invited to the provisions of A.P.(DIR Series) circular No.25 dated September 27, 2002 regarding simplification of procedure for financing imports into India by way of Suppliers' or Buyers' Cre
जुलै 17, 2003
Current Account Transactions - Liberalisation
A.P.(DIR Series) Circular No.3 (July 17, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.3July 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - LiberalisationAttention of authorised dealers is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step towards f
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.3July 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - LiberalisationAttention of authorised dealers is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step towards f
जुलै 14, 2003
Exim Bank’s Line of credit to overseas banking institutions/ financial institutions
A.P.(DIR series) Circular No.2 (July 14, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR series) Circular No.2July 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank’s Line of credit to overseas bankinginstitutions/ financial institutionsAttention of authorised dealers is invited to the A.P.(DIR Series) Circulars listed below, regarding Lines of Credit extended by Export Import Bank of India (EXIM Bank) to foreign institutions.Sr. No.A.P.(DIR Ser
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR series) Circular No.2July 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank’s Line of credit to overseas bankinginstitutions/ financial institutionsAttention of authorised dealers is invited to the A.P.(DIR Series) Circulars listed below, regarding Lines of Credit extended by Export Import Bank of India (EXIM Bank) to foreign institutions.Sr. No.A.P.(DIR Ser
जुलै 08, 2003
Foreign Exchange Management (Remittance of Assets) (Second Amendment) Regulations, 2003
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI- 400 001. Notification No. FEMA. 97 /2003-RB dated July 8, 2003 Foreign Exchange Management (Remittance of Assets) (Second Amendment) Regulations, 2003 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of Notification No. FEMA.13/2000-RB dated 3rd May 2000 and Notification No. FEMA 62/2002-RB dated 13th May 2002,
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI- 400 001. Notification No. FEMA. 97 /2003-RB dated July 8, 2003 Foreign Exchange Management (Remittance of Assets) (Second Amendment) Regulations, 2003 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of Notification No. FEMA.13/2000-RB dated 3rd May 2000 and Notification No. FEMA 62/2002-RB dated 13th May 2002,
जुलै 02, 2003
Exim Bank's Line of Credit of US $ 5 Million
to Hatton National Bank Ltd. (HNB), Sri Lanka
A.P.(DIR Series) Circular No.1 (July 2, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.1July 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank's Line of Credit of US $ 5 Millionto Hatton National Bank Ltd. (HNB), Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an agreement with Hatton National Bank Ltd. (HNB), Sri Lanka on February 12, 2003, making available to the latter, a line of credit (LOC) upto an aggrega
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.1July 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank's Line of Credit of US $ 5 Millionto Hatton National Bank Ltd. (HNB), Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an agreement with Hatton National Bank Ltd. (HNB), Sri Lanka on February 12, 2003, making available to the latter, a line of credit (LOC) upto an aggrega
जुलै 02, 2003
Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai Notification No. FEMA 95/2003-RB Dated July 2, 2003 Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 22/2000-RB dated 3rd May 2000, the Res
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai Notification No. FEMA 95/2003-RB Dated July 2, 2003 Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 22/2000-RB dated 3rd May 2000, the Res
जुलै 02, 2003
Foreign Exchange Management (Remittance of Assets)
(Amendment) Regulations, 2003
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiNotification No.FEMA.96/2003-RBDated July 2, 2003Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2003In 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.13/2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiNotification No.FEMA.96/2003-RBDated July 2, 2003Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2003In 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.13/2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange
जून 21, 2003
Foreign currency- Rupee Options
A.P.(DIR Series) Circular No.108 (June 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.108June 21, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Foreign currency- Rupee OptionsAs a part of developing the derivative market in India and adding to the spectrum of hedge products available to residents and non-residents for hedging currency exposures, it has been decided to permit foreign currency – rupee options with effect from July 7, 2
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.108June 21, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Foreign currency- Rupee OptionsAs a part of developing the derivative market in India and adding to the spectrum of hedge products available to residents and non-residents for hedging currency exposures, it has been decided to permit foreign currency – rupee options with effect from July 7, 2
जून 19, 2003
Foreign Exchange Management Act - 1999 Import of Goods into India
A.P.(DIR Series) Circular No.106 (June 19, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 A.P.(DIR Series) Circular No.106June 19, 2003ToAll Authorised Dealers in Foreign Exchange.Madam/Sir,Foreign Exchange Management Act - 1999 Import of Goods into IndiaAttention of authorised dealers is invited to the Annexure to A.P.(DIR Series) Circular No. 9 dated August 24, 2000 containing directions to be followed by authorised dealers while dealing with applications relating to import
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 A.P.(DIR Series) Circular No.106June 19, 2003ToAll Authorised Dealers in Foreign Exchange.Madam/Sir,Foreign Exchange Management Act - 1999 Import of Goods into IndiaAttention of authorised dealers is invited to the Annexure to A.P.(DIR Series) Circular No. 9 dated August 24, 2000 containing directions to be followed by authorised dealers while dealing with applications relating to import
जून 18, 2003
Foreign Exchange Management (Transfer or Issue of Security by a
Person Resident outside India) ( Second Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 94 /2003-RBdated 18th June 2003Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) ( Second Amendment) Regulations, 2003 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 No.F
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 94 /2003-RBdated 18th June 2003Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) ( Second Amendment) Regulations, 2003 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 No.F
जून 16, 2003
Supply of goods by Special Economic Zones (SEZs) to Units in
DomesticTariff Area (DTA) against payment in foreign exchange
A.P.(DIR Series) Circular No.105 (June 16, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.105June 16, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Supply of goods by Special Economic Zones (SEZs) to Units in DomesticTariff Area (DTA) against payment in foreign exchangeAttention of authorised dealers is invited to paragraph 8 of Annexure to A.P.(DIR Series) Circular No.54 dated November 25, 2002, in terms of which Units in Domestic Tarif
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.105June 16, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Supply of goods by Special Economic Zones (SEZs) to Units in DomesticTariff Area (DTA) against payment in foreign exchangeAttention of authorised dealers is invited to paragraph 8 of Annexure to A.P.(DIR Series) Circular No.54 dated November 25, 2002, in terms of which Units in Domestic Tarif
जून 09, 2003
Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 Notification No.FEMA. 93 /2003-RB dated June 9, 2003 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (i) 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 partial modification of its Notification No.F
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 Notification No.FEMA. 93 /2003-RB dated June 9, 2003 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (i) 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 partial modification of its Notification No.F
जून 07, 2003
Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 @@NBSP@@ Notification No.FEMA 92/2003-RB dated June 7,2003 @@NBSP@@ Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003 In exercise of powers conferred by clause(b) of Section 9 and clause(e) of sub-section 2 of Section 47 of the Foreign Exchange Management Act,1999(42 of 1999) and in partial modification of its Notificati
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 @@NBSP@@ Notification No.FEMA 92/2003-RB dated June 7,2003 @@NBSP@@ Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003 In exercise of powers conferred by clause(b) of Section 9 and clause(e) of sub-section 2 of Section 47 of the Foreign Exchange Management Act,1999(42 of 1999) and in partial modification of its Notificati
जून 05, 2003
Foreign Exchange Management (Insurance)(Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office MumbaiNotification No.FEMA. 91/2003-RB dated June 5, 2003 Foreign Exchange Management (Insurance) (Amendment) Regulations, 2003 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 partial modification of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes t
Reserve Bank of India Exchange Control Department Central Office MumbaiNotification No.FEMA. 91/2003-RB dated June 5, 2003 Foreign Exchange Management (Insurance) (Amendment) Regulations, 2003 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 partial modification of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes t
मे 31, 2003
Foreign Exchange Management Act, 1999 - Liberalisation
A.P.(DIR Series) Circular No.104 (May 31, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.104 May 31, 2003ToAll Authorised Dealers in Foreign Exchange Madam/Sir,Foreign Exchange Management Act, 1999 - LiberalisationAttention of authorised dealers is invited to our A.P.(DIR Series) Circulars listed below, announcing certain liberalised facilities in Capital Account transactions for a period upto June 30, 2003, subject to review.Sr. No.A.P.(DIR Series)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.104 May 31, 2003ToAll Authorised Dealers in Foreign Exchange Madam/Sir,Foreign Exchange Management Act, 1999 - LiberalisationAttention of authorised dealers is invited to our A.P.(DIR Series) Circulars listed below, announcing certain liberalised facilities in Capital Account transactions for a period upto June 30, 2003, subject to review.Sr. No.A.P.(DIR Series)
मे 23, 2003
Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Third Amendment) Regulations, 2003
Reserve Bank of India(Exchange Control Department)Central OfficeMumbai 400 001 Notification No.FEMA.90/2003-RBDated May 23, 2003Foreign Exchange Management (Foreign Currency Account bya Person Resident in India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA 1
Reserve Bank of India(Exchange Control Department)Central OfficeMumbai 400 001 Notification No.FEMA.90/2003-RBDated May 23, 2003Foreign Exchange Management (Foreign Currency Account bya Person Resident in India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA 1
मे 21, 2003
International Credit Cards - Liberalisation of Facilities for Residents
A.P.(DIR Series) Circular No.103 (May 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mainta
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mainta
मे 07, 2003
Rejection Risk Insurance - Remittance - Liberalisation
A.P. (DIR Series) Circular No.102 (May 7, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.102May 7, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Rejection Risk Insurance – Remittance - Liberalisation Attention of authorised dealers is invited to sub-regulation (2) of Regulation 4 of Notification No.FEMA.12/2000-RB dated May 3, 2000 in terms of which a person resident in India is required to obtain a ‘no objection’ certificate from Centr
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.102May 7, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Rejection Risk Insurance – Remittance - Liberalisation Attention of authorised dealers is invited to sub-regulation (2) of Regulation 4 of Notification No.FEMA.12/2000-RB dated May 3, 2000 in terms of which a person resident in India is required to obtain a ‘no objection’ certificate from Centr
मे 05, 2003
Repatriation of sale proceeds of immovable property in India acquired by NRIs / PIOs
A.P.(DIR Series) Circular No.101 (May 5, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai 400 001A.P.(DIR Series) Circular No.101May 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Repatriation of sale proceeds ofimmovable property in India acquired by NRIs / PIOsAttention of authorised dealers is invited to clause (iii) of sub-regulation (b) of Regulation 6 of Notification No. FEMA 21/2000-RB dated 3rd May 2000 read with Notification No. FEMA 65/2002-RB dated 29th June 20
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai 400 001A.P.(DIR Series) Circular No.101May 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Repatriation of sale proceeds ofimmovable property in India acquired by NRIs / PIOsAttention of authorised dealers is invited to clause (iii) of sub-regulation (b) of Regulation 6 of Notification No. FEMA 21/2000-RB dated 3rd May 2000 read with Notification No. FEMA 65/2002-RB dated 29th June 20

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