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مارچ 04, 2003

Indo-Cambodia Credit Agreement dated
November 6, 2002 for USD 10 Million
A.P.(DIR Series) Circular No.85 (March 4, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.85March 4, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indo-Cambodia Credit Agreement dated November 6, 2002 for USD 10 Million The Government of India have extended a line of credit of USD 10 million (US Dollar Ten Million only) to the Royal Government of Cambodia under a credit agreement entered into, between the two Governments on November 6, 20

مارچ 03, 2003

Import of goods - Establishment of stand-by
Letters of Credit
A.P.(DIR Series) Circular No.84 (March 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001March 3, 2003A.P.(DIR Series) Circular No.84To All Authorised Dealers in Foreign Exchange Madam/SirsImport of goods – Establishment of stand-byLetters of CreditAttention of authorised dealers is invited to paragraph 3 of A.P.(DIR Series) Circular No.9 dated August 13, 2002, in terms of which authorised dealers have been permitted to open stand-by Letters of Credit on behalf of their constitu

پی ڈی ایف ( 5390 )

مارچ 01, 2003

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2003

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA.86/2003-RB Dated the March 1, 2003 Foreign Exchange Management (Transfer or Issue of anyForeign Security) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (a) 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.19/RB-

مارچ 01, 2003

External Commercial Borrowings (ECBs) - Prepayment
A.P.(DIR Series) Circular No.82 (March 01, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No.82 March 1, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sir, External Commercial Borrowings (ECBs) – Prepayment Attention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.22 dated September 17, 2002 in terms of which automatic route for prepayment of ECBs was liberalised and made available to all category of borrowers without any co

پی ڈی ایف ( 6992 )

فروری 27, 2003

Indo-Lao Credit Agreement dated November 6, 2002, for USD 10 Million
A.P. (DIR Series) Circular No.81 (February 27, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 27, 2003A.P. (DIR Series) Circular No.81 ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Indo-Lao Credit Agreement dated November 6, 2002, for USD 10 Million The Government of India have extended a line of credit of an amount of USD 10 million (US Dollar Ten Million only) to the Government of the Lao People’s Democratic Republic under a credit agreement entered into between th

فروری 18, 2003

Exim Bank’s Line of Credit of
USD 25 Million to Vneshtorgbank, Russia
A.P. (DIR Series) Circular No.80 (February 18, 2003)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.80 February 18, 2003 To All Authorised Dealers in Foreign Exchange Madam/ Sirs, Exim Bank’s Line of Credit of USD 25 Million to Vneshtorgbank, Russia Export-Import Bank of India (Exim Bank) has concluded an agreement with Vneshtorgbank, Russia (Bank for Foreign Trade, Russia) on July 3, 2002 making available to the latter, a line of credit (LOC) up to an aggre

فروری 17, 2003

Release of Exchange for Private Travel
A.P. (DIR Series) Circular No.79 (February 17, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001A.P. (DIR Series) Circular No.79February 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Release of Exchange for Private Travel Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.31 dated October 18, 2002 annexing thereto particulars of the Nodal Officers of Reserve Bank nominated at Regional Offices for dealing with applications for release of exchang

فروری 14, 2003

Exchange Earners’ Foreign Currency (EEFC) Account Scheme
A.P. (DIR Series) Circular No.78 (February 14, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.78February 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners’ Foreign Currency (EEFC) Account SchemeAttention of authorised dealers is invited to para 3(iv) of Schedule to Notification No.FEMA.10/2000-RB dated 3rd May 2000. Exporters are presently permitted to grant trade related loans/advances not exceeding USD 3 million from their E

فروری 10, 2003

Current Account Transactions -
Remittance for Advertisement on Foreign Television
A.P.(DIR Series) Circular No.77 (February 10, 2003)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P.(DIR Series) Circular No.77February 10, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions –Remittance for Advertisement on Foreign Television Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.44 dated May 14, 2002, regarding approval for remittances for advertisement on foreign television. In terms of para 2 of the circular,

فروری 03, 2003

R-Return and Guide to Authorised Dealers for
Compilation of R Returns - Submission of
documents/statements/schedules - Discontinuation
A.P.(DIR Series) Circular No.76 (February 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 3, 2003A.P.(DIR Series) Circular No.76ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,R-Return and Guide to Authorised Dealers forCompilation of R Returns - Submission ofdocuments/statements/schedules – Discontinuation Attention of all authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated May 16, 2000 read with paragraph 15 of Annexure (viz. Gu

پی ڈی ایف ( 7812 )

فروری 03, 2003

Sponsored ADRs/GDRs - Receipt of Disinvestment proceeds
A.P. (DIR Series) Circular No.75 (February 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 3, 2003A.P. (DIR Series) Circular No.75ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Sponsored ADRs/GDRs- Receipt of Disinvestment proceeds Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.52 dated November 23, 2002 and Notification No. FEMA 41/2001-RB dated March 3, 2001, in terms of which Indian companies are permitted to sponsor an issue of Ame

جنوری 24, 2003

Foreign Exchange Management Act, 1999 - Current Account Transactions - Use of International Credit Cards abroad
A.P.(DIR Series) Circular No.73 (January 24, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001January 24, 2003A.P.(DIR Series) Circular No.73 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Foreign Exchange Management Act, 1999 – Current Account Transactions – Use of International Credit Cards abroad Attention of authorised dealers is invited to the Government of India Notification No.G.S.R.381(E) dated 3rd May 2000, notifying the Foreign Exchange Management (Current Account Tran

جنوری 17, 2003

Foreign Exchange Management (Insurance)
Regulations, 2000 - Life Insurance Memorandum (LIM)
A.P.(DIR Series) Circular No.72 (January 17, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001January 17, 2003A.P.(DIR Series) Circular No.72 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Foreign Exchange Management (Insurance) Regulations, 2000 - Life Insurance Memorandum (LIM)Attention of authorised dealers is invited to the Notification No.FEMA 12/2000-RB dated May 3, 2000 viz., Foreign Exchange Management (Insurance) Regulations, 2000. The Memorandum of Exchange Control Reg

جنوری 17, 2003

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(First Amendment) Regulations, 2003

Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA 85/2003-RB dated January 17, 2003 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(First 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.FEM

پی ڈی ایف ( 8401 )

جنوری 15, 2003

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Seventh Amendment) Regulations, 2003

Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.79/2002-RB January 15, 2003 Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Seventh Amendment) Regulations, 2003 In exercise of the powers conferred by clause (a) 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 19

پی ڈی ایف ( 8186 )

جنوری 13, 2003

Facilities to NRIs/PIOs and Foreign Nationals - Liberalisation
A.P. (DIR Series) Circular No.67 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001January 13, 2003A.P. (DIR Series) Circular No.67ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Facilities to NRIs/PIOs and Foreign Nationals - LiberalisationA. Facilities to NRIs/PIOs Attention of authorised dealers is invited to the following AP (DIR Series) Circulars on the subject :(i) AP(DIR Series) Circular No.1 dated July 2, 2002.(ii) AP(DIR Series) Circular No.19 dated September

جنوری 13, 2003

Overseas Investments
A.P. (DIR Series) Circular No.66 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001January 13, 2003A.P. (DIR Series) Circular No.66ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Overseas Investments Attention of authorised dealers is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000, notified by the Reserve Bank vide Notification No.FEMA.19/RB-2000 dated 3rd May 2000 as amended from time to time. 2. At present residen

پی ڈی ایف ( 10512 )

جنوری 13, 2003

External Commercial Borrowings - Parking of funds abroad
A.P.(DIR Series) Circular No.70 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001January 13, 2003A.P.(DIR Series) Circular No.70 ToAll Authorised Dealers in Foreign Exchange Madam/Sir,External Commercial Borrowings - Parking of funds abroadAuthorised dealers are aware that corporates raising External Commercial Borrowings (ECBs) are required to bring the funds to India in terms of para 15(A) of the Guidelines on Policies & Procedures for ECBs 1999-2000 issued by Gove

جنوری 13, 2003

Acquisition of immovable property outside India-
Branches/trading offices overseas
A.P. (DIR Series) Circular No.71 (January 13, 2003)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.71January 13, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sir,Acquisition of immovable property outside India-Branches/trading offices overseas In terms of Regulation 3 of Notification No.FEMA7/2000-RB dated May 3, 2000 no person resident in India shall acquire or transfer any immovable property outside India without general or special permission of Res

جنوری 13, 2003

Acquisition of Foreign Securities by Resident Individual under ESOP Scheme
A.P. (DIR Series) Circular No.68 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001January 13, 2003A.P. (DIR Series) Circular No.68 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Acquisition of Foreign Securities by Resident Individual under ESOP Scheme Attention of authorised dealers is invited to the Regulation 19 of Notification No.FEMA.19/2000-RB dated May 3, 2000 and AP (DIR Series) Circular No.32 dated April 28, 2001 read with A.P. (DIR Series) Circular No.16 d

جنوری 13, 2003

Retention of Proceeds of ADRs/GDRs abroad
A.P. (DIR Series) Circular No.69 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001January 13, 2003A.P. (DIR Series) Circular No.69 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Retention of Proceeds of ADRs/GDRs abroad Attention of authorised dealers is invited to Clause (4) of Regulation 4 of Schedule I to Notification No.FEMA.20/2000-RB dated May 3, 2000, in terms of which, Indian companies issuing shares to overseas depository for the purpose of issuing ADRs/GDR

جنوری 10, 2003

Foreign Exchange Management (Second Amendment) Regulations, 2003

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFFICE MUMBAI-400 001 Notification No.FEMA.82/2003-RB Dated the January 10, 2003 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2003 In exercise of the powers conferred by clause (d) 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.FE

جنوری 08, 2003

Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2003

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 NOTIFICATION No.FEMA. 80 /2003-RB January 8, 2003 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2003 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

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جنوری 08, 2003

Foreign Exchange Management Regulations, 2003

Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA. 81/2003-RB Dated the January 8, 2003 Foreign Exchange Management (Foreign exchange derivative contracts) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999), and in partial modification of its Notification No. FEMA 25/RB-2000 dated May 3, 2000, t

جنوری 06, 2003

Foreign Exchange Management Act, 1999 -
Advance Remittances for Services to be Rendered
A.P. (DIR Series) Circular No.65 (January 6, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.65January 6, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 –Advance Remittances for Services to be Rendered Attention of authorised dealers is invited to paragraph 5 of A.P. (DIR Series) Circular No.19 dated October 30, 2000 in terms of which authorised dealers are required to obtain a bank guarantee from a bank

پی ڈی ایف ( 5790 )

دسمبر 24, 2002

Resident Foreign Currency (Domestic) Account -Facility for Resident Individuals
A.P.(DIR Series) Circular No.64 (December 24, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001December 24, 2002A.P.(DIR Series) Circular No.64 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Resident Foreign Currency (Domestic) Account –Facility for Resident IndividualsAttention of authorised dealers is invited to A.P.(DIR Series) Circular No.53 dated November 23, 2002 and Notification No.FEMA.74/2002-RB dated November 1, 2002, in terms of which residents are permitted to open, h

دسمبر 21, 2002

Risk Management and Inter Bank Dealings
A.P.(DIR Series) Circular No.63 (December 21, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001December 21, 2002A.P.(DIR Series) Circular No.63ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Risk Management and Inter Bank Dealings Attention of Authorised dealers is invited to A.P.(DIR Series) Circular No.19 dated January 24, 2002 and subsequent amendments referred to in the following paragraphs. It has been decided to permit the following further relaxations: 1. Foreign currency-r

پی ڈی ایف ( 14278 )

دسمبر 17, 2002

Exchange Earners' Foreign Currency (EEFC) Account Scheme
A.P. (DIR Series) Circular No.62 (December 17, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001December 17, 2002A.P. (DIR Series) Circular No.62ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners' Foreign Currency (EEFC) Account Scheme Attention of authorised dealers is invited to sub-paragraph No.1(A)(ii) of the Schedule to the Reserve Bank Notification No.FEMA 10/2000-RB dated 3rd May 2000 as amended from time to time, in terms of which payments received in forei

پی ڈی ایف ( 5660 )

دسمبر 14, 2002

"Write-off" of unrealised export bills-Surrender of export incentives
A.P.(DIR Series) Circular No.61(December 14, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 December 14, 2002A.P.(DIR Series) Circular No.61ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,"Write-off" of unrealised export bills-Surrender of export incentivesAttention of authorised dealers is invited to paragraph C.18 of A.P (DIR Series) Circular No.12 dated September 9, 2000 in terms of which they have been permitted to allow "write-off" of unrealised export dues and A.P. (DIR

پی ڈی ایف ( 7258 )

دسمبر 10, 2002

Full convertibility of Deposit Schemes -
NRNR/NRSR Accounts- Clarifications
A.P. (DIR Series) Circular No.60 (Dec 10, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.60December 10, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Full convertibility of Deposit Schemes – NRNR/NRSR Accounts- Clarifications Attention of authorised dealers is invited to A.P(DIR Series) Circular No.28 dated March 4, 2002 and clarifications issued from time to time on the subject.2. Our clarifications to the queries from authorised dealers

پی ڈی ایف ( 7933 )

دسمبر 09, 2002

Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.59 (Dec 9, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.59December 9, 2002ToAll 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) and the subsequent clarification issued

پی ڈی ایف ( 5732 )

نومبر 27, 2002

Evidence of Import
A.P. (DIR Series) Circular No.57 (November 27, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.57November 27, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Evidence of ImportAttention of all authorised dealers is invited to paragraph 3 of the AP (DIR Series) Circular No. 15 dated September 9, 2002 in terms of which in cases of imports into India where the amount of foreign exchange remitted is less than USD 1,00,000 or its equivalent, authorise

پی ڈی ایف ( 7298 )

نومبر 27, 2002

Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002

Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.78/2002-RB November 27, 2002 Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (f) 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 5/2000-RB dated 3rd May, 2000, the Reserve

پی ڈی ایف ( 8014 )

نومبر 26, 2002

Income Tax Clearance Certificate/No Objection Certificate
from Income Tax Authorities - Revision of format of
undertaking and certificate
A.P. (DIR Series) Circular No.56 (November 26, 2002)

Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.56November 26, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Income Tax Clearance Certificate/No Objection Certificate from Income Tax Authorities – Revision of format of undertaking and certificate Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.27 dated September 28, 2002 enclosing therewith a copy of the Government’s circ

پی ڈی ایف ( 14313 )

نومبر 25, 2002

Remittance of Foreign Exchange for Miscellaneous purposes
A.P. (DIR Series) Circular No.54 (November 25, 2002)

Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.54 November 25, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Remittance of Foreign Exchange for Miscellaneous purposesAttention of authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated May 16, 2000, advising them to be guided by the provisions of Exchange Control Manual (1993 edition) regarding matters listed in Anne

پی ڈی ایف ( 11670 )

نومبر 23, 2002

Resident Foreign Currency (Domestic)
Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.53 (November 23, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral Office, Mumbai 400 001A.P. (DIR Series) Circular No.53November 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic)Account - Facility for Resident IndividualsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.37 dated November 1, 2002 in terms of which, pending publication of the Notification by the Government, they are required to forward th

پی ڈی ایف ( 9779 )

نومبر 23, 2002

ADR/GDR/FCCB Issues
A.P. (DIR Series) Circular No.52 (November 23, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001@@NBSP@@A.P. (DIR Series) Circular No.52November 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Dear Sirs,ADR/GDR/FCCB Issues Attention of the authorised dealers is invited to A.P.(DIR Series) Circular No.21 dated February 13, 2002 enclosing therewith a copy of the Notification No. FEMA 41/2001-RB dated March 2, 2001. In terms of Regulation 4B of the said Notification, an Indian com

پی ڈی ایف ( 13715 )

نومبر 16, 2002

Forward Cover for Foreign Institutional Investors
A.P. (DIR Series) Circular No.50 (November 16, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.50 November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Forward Cover for Foreign Institutional Investors Attention of authorised dealers is invited to Regulation 5 of Notification No.FEMA.25/RB-2000 dated May 3, 2000. In terms of paragraph 1(b) of Schedule II to the Notification, a registered Foreign Institutional Investor (FII) has been permi

پی ڈی ایف ( 6995 )

نومبر 16, 2002

Foreign Exchange Management Act, 1999 - Advance Remittances for Imports
A.P. (DIR Series) Circular No.49 (November 16, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series)Circular No.49November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 –Advance Remittances for Imports Attention of authorised dealers is invited to para A.11 of the Annexure to A.P.(DIR Series) Circular No.9 dated August 24, 2000, in terms of which authorised dealers have been permitted to make advance remittances for impo

پی ڈی ایف ( 5607 )

نومبر 16, 2002

Investment in Overseas Market
A.P. (DIR Series) Circular No.48 (November 16, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.48 November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Market Attention of authorised dealers is invited to paragraph 2 of A.P. (DIR Series) Circular No. 40 dated April 29, 2002, in terms which banks have been permitted to invest upto 25 per cent of their unimpaired Tier 1 capital or USD 10 million whichever was higher i

پی ڈی ایف ( 5323 )

نومبر 12, 2002

Exim Bank's Line of Credit of US$ 10 Million
to Eastern and Southern African Trade and
Development Bank (PTA Bank)
A.P. (DIR Series) Circular No.47 (November 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No.47November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Exim Bank's Line of Credit of US$ 10 Millionto Eastern and Southern African Trade andDevelopment Bank (PTA Bank) Export Import Bank of India (Exim Bank) has concluded an agreement with Eastern and Southern African Trade and Development Bank (PTA Bank) on August 2, 2002, making available t

پی ڈی ایف ( 18876 )

نومبر 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

پی ڈی ایف ( 29152 )

نومبر 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

پی ڈی ایف ( 8327 )

نومبر 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

پی ڈی ایف ( 10819 )

نومبر 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

پی ڈی ایف ( 7652 )

نومبر 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

پی ڈی ایف ( 4974 )

نومبر 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

نومبر 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

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نومبر 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

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نومبر 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

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