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नोव्हें 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
नोव्हें 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
नोव्हें 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
नोव्हें 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
नोव्हें 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
नोव्हें 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
नोव्हें 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
नोव्हें 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
नोव्हें 01, 2002
Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.37 (November 1, 2002)
Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No. 37November 1, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic) Account - Facility for Resident IndividualsAuthorised Dealers are aware that in terms of Regulation 3(iii) of RBI Notification No.FEMA.11/ 2000-RB dated 3rd May, 2000, residents are allowed to retain up to US$ 2000 or its equivalent in aggregate, provided
Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No. 37November 1, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic) Account - Facility for Resident IndividualsAuthorised Dealers are aware that in terms of Regulation 3(iii) of RBI Notification No.FEMA.11/ 2000-RB dated 3rd May, 2000, residents are allowed to retain up to US$ 2000 or its equivalent in aggregate, provided
नोव्हें 01, 2002
Lifting of lock-in period for repatriation of sale
proceeds of immovable property situated in India
A.P. (DIR Series) Circular No.35 (November 1, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 1, 2002A.P. (DIR Series) Circular No.35ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Lifting of lock-in period for repatriation of saleproceeds of immovable property situated in IndiaAttention of authorised dealers is invited to Regulation 6 (b) (ii) of Reserve Bank Notification No. FEMA 21/2000-RB dated May 3, 2000 in terms of which authorised dealers have been permitted to
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 1, 2002A.P. (DIR Series) Circular No.35ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Lifting of lock-in period for repatriation of saleproceeds of immovable property situated in IndiaAttention of authorised dealers is invited to Regulation 6 (b) (ii) of Reserve Bank Notification No. FEMA 21/2000-RB dated May 3, 2000 in terms of which authorised dealers have been permitted to
नोव्हें 01, 2002
Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2002
Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001. Notification No.FEMA/ 75 /2002-RB November 1, 2002 In exercise of the powers conferred by clause (d) of sub-section (3) of Section 6 and 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 3/2000-RB dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes the following amend
Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001. Notification No.FEMA/ 75 /2002-RB November 1, 2002 In exercise of the powers conferred by clause (d) of sub-section (3) of Section 6 and 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 3/2000-RB dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes the following amend
ऑक्टो 31, 2002
Exchange Earners' Foreign Currency (EEFC) Account Scheme
A.P. (DIR Series) Circular No.34 (October 31, 2002)
Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No. 34October 31, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners' Foreign Currency (EEFC) Account SchemeIn terms of IECD Circular No. 9 /04.02.02/ 2002-03 of date Reserve Bank has liberalised the facility for liquidation of Rupee Packing Credit and Pre-shipment Credit in foreign currency by permitting repayment of such advances by exporter
Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No. 34October 31, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners' Foreign Currency (EEFC) Account SchemeIn terms of IECD Circular No. 9 /04.02.02/ 2002-03 of date Reserve Bank has liberalised the facility for liquidation of Rupee Packing Credit and Pre-shipment Credit in foreign currency by permitting repayment of such advances by exporter
ऑक्टो 23, 2002
Export of Goods and Services
A.P. (DIR Series) Circular No.33 (October 23, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.33 October 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.6 dated September 24, 2001 and A.P. (DIR Series) Circular No.2 dated July 4, 2002 in terms of which manufacturer exporters/merchant exporters/traders of certain products and having export
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.33 October 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.6 dated September 24, 2001 and A.P. (DIR Series) Circular No.2 dated July 4, 2002 in terms of which manufacturer exporters/merchant exporters/traders of certain products and having export
ऑक्टो 21, 2002
Cross-currency Derivative Products - Submission of Report
A.P.(DIR Series) Circular No.32 (October 21, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.32October 21 , 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Cross-currency Derivative Products - Submission of Report Attention of authorised dealers is invited to paragraph A4(iii) of Part-A, Section-I of A.P. (DIR Series) Circular No.19 dated January 24, 2002 in terms of which they are required to forward reports containing full details of transacti
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.32October 21 , 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Cross-currency Derivative Products - Submission of Report Attention of authorised dealers is invited to paragraph A4(iii) of Part-A, Section-I of A.P. (DIR Series) Circular No.19 dated January 24, 2002 in terms of which they are required to forward reports containing full details of transacti
ऑक्टो 18, 2002
Release of Exchange for Private Travel
A.P. (DIR Series) Circular No.31 (October 18, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001October 18, 2002A.P. (DIR Series) Circular No.31 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Release of Exchange for Private TravelIn terms of Item 2 of Schedule III to the Government of India’s Notification No.G.S.R. 381(E) dated May 3, 2000, authorised dealers (ADs) are required to obtain prior permission of the Reserve Bank to release foreign exchange exceeding USD 5,000 in one c
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001October 18, 2002A.P. (DIR Series) Circular No.31 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Release of Exchange for Private TravelIn terms of Item 2 of Schedule III to the Government of India’s Notification No.G.S.R. 381(E) dated May 3, 2000, authorised dealers (ADs) are required to obtain prior permission of the Reserve Bank to release foreign exchange exceeding USD 5,000 in one c
ऑक्टो 10, 2002
Indo-Sri Lanka Credit Agreement dated
July 3, 2002, for US$ 31 Million
A.P. (DIR Series) Circular No.29 (October 10, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001@@NBSP@@A.P.(DIR Series)Circular No.29October 10, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indo-Sri Lanka Credit Agreement datedJuly 3, 2002, for US$ 31 MillionThe Government of India have extended a line of credit of US$ 31 million (U.S.Dollar Thirtyone million only) to the Government of the Democratic Socialist Republic of Sri Lanka under a credit agreement entered into b
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001@@NBSP@@A.P.(DIR Series)Circular No.29October 10, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indo-Sri Lanka Credit Agreement datedJuly 3, 2002, for US$ 31 MillionThe Government of India have extended a line of credit of US$ 31 million (U.S.Dollar Thirtyone million only) to the Government of the Democratic Socialist Republic of Sri Lanka under a credit agreement entered into b
ऑक्टो 03, 2002
Opening, holding and maintaining Foreign Currency Account in India by Unit in Special Economic Zones (SEZs)
A.P. (DIR Series) Circular No.28 (October 3, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.28October 3, 2002To,All Authorised Dealers in Foreign ExchangeMadam/Sirs,Opening, holding and maintaining Foreign Currency Account in India by Unit in Special Economic Zones (SEZs) Attention of authorised dealers is invited to Notification No.FEMA.37/2001-RB dated February 27, 2001 relating to Foreign Exchange Management (Foreign Currency Account by a Person Resid
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.28October 3, 2002To,All Authorised Dealers in Foreign ExchangeMadam/Sirs,Opening, holding and maintaining Foreign Currency Account in India by Unit in Special Economic Zones (SEZs) Attention of authorised dealers is invited to Notification No.FEMA.37/2001-RB dated February 27, 2001 relating to Foreign Exchange Management (Foreign Currency Account by a Person Resid
सप्टें 28, 2002
Income Tax Clearance Certificate/No Objection Certificate
A.P. (DIR Series) Circular No.27 (September 28, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.27 September 28, 2002To, All Authorised Dealers in Foreign ExchangeMadam/Sirs,Income Tax Clearance Certificate/No Objection Certificate Attention of Authorised Dealers is invited to the Notification F.No.500/152/96-FID dated November 18, 1997, issued by the Central Board of Direct Taxes (copy enclosed) in terms of which a person making remittance of foreign exchan
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.27 September 28, 2002To, All Authorised Dealers in Foreign ExchangeMadam/Sirs,Income Tax Clearance Certificate/No Objection Certificate Attention of Authorised Dealers is invited to the Notification F.No.500/152/96-FID dated November 18, 1997, issued by the Central Board of Direct Taxes (copy enclosed) in terms of which a person making remittance of foreign exchan
सप्टें 28, 2002
A.P. (DIR Series) Circular No.26 (September 28, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.26September 28, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs, (a) Remittance of Current Income by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) – No Objection Certificate (b) Repatriation of NRNR Deposits Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 45 dated May 14, 2002, in terms of which A.Ds may allow
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.26September 28, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs, (a) Remittance of Current Income by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) – No Objection Certificate (b) Repatriation of NRNR Deposits Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 45 dated May 14, 2002, in terms of which A.Ds may allow
सप्टें 27, 2002
Imports into India - Short term credit
A.P.(DIR Series) Circular No.25 (September 27, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAIA.P.(DIR Series) Circular No.25September 27, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Imports into India - Short term credit Attention of authorised dealers is invited to the directions contained in paragraphs A.12 and A.13 of the AP(DIR Series) Circular No. 9 dated August 24, 2000, and the provisions contained in paragraph 4(i) of Schedule to the Reserve Bank Notification No. FEMA3
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAIA.P.(DIR Series) Circular No.25September 27, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Imports into India - Short term credit Attention of authorised dealers is invited to the directions contained in paragraphs A.12 and A.13 of the AP(DIR Series) Circular No. 9 dated August 24, 2000, and the provisions contained in paragraph 4(i) of Schedule to the Reserve Bank Notification No. FEMA3

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