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Master Directions

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Aug 22, 2022
Foreign Exchange Management (Overseas Investment) Directions, 2022 (dated August 22, 2022) (Supersedes Master Direction - Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad (Updated as on June 24, 2021))
RBI/2022-2023/110 A.P. (DIR Series) Circular No.12 August 22, 2022 All Category – I Authorised Dealer Banks Madam/Sir Foreign Exchange Management (Overseas Investment) Directions, 2022 Overseas investments by persons resident in India enhance the scale and scope of business operations of Indian entrepreneurs by providing global opportunities for growth. Such ventures through easier access to technology, research and development, a wider global market and reduced cost
RBI/2022-2023/110 A.P. (DIR Series) Circular No.12 August 22, 2022 All Category – I Authorised Dealer Banks Madam/Sir Foreign Exchange Management (Overseas Investment) Directions, 2022 Overseas investments by persons resident in India enhance the scale and scope of business operations of Indian entrepreneurs by providing global opportunities for growth. Such ventures through easier access to technology, research and development, a wider global market and reduced cost
Mar 26, 2019
UPDATED: 22 Dec, 2023
Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations (Updated as on December 22, 2023) (Supersedes Master Direction - External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers (Updated as on November 22, 2018))
RBI/FED/2018-19/67 FED Master Direction No.5/2018-19 March 26, 2019 (Updated as on September 30, 2022) (Updated as on August 01, 2022) (Updated as on June 09, 2022) (Updated as on December 10, 2021) (Updated as on April 12, 2021) (Updated a
RBI/FED/2018-19/67 FED Master Direction No.5/2018-19 March 26, 2019 (Updated as on September 30, 2022) (Updated as on August 01, 2022) (Updated as on June 09, 2022) (Updated as on December 10, 2021) (Updated as on April 12, 2021) (Updated a
Jan 04, 2018
UPDATED: 17 Mar, 2022
Master Direction - Foreign Investment in India (Updated up to March 17, 2022)

RBI/FED/2017-18/60 FED Master Direction No.11/2017-18 January 4, 2018 (Updated up to March 17, 2022) (Updated up to March 08, 2019) (Updated up to December 19, 2018) (Updated as on April 06, 2018) (Updated as on January 12, 2018) To, All A

RBI/FED/2017-18/60 FED Master Direction No.11/2017-18 January 4, 2018 (Updated up to March 17, 2022) (Updated up to March 08, 2019) (Updated up to December 19, 2018) (Updated as on April 06, 2018) (Updated as on January 12, 2018) To, All A

Feb 23, 2017
UPDATED: 29 Feb, 2024
Master Direction - Money Transfer Service Scheme (MTSS)(Updated as on February 29, 2024)

RBI/FED/2016-17/52 FED Master Direction No.1/2016-17 February 22, 2017 To All Authorised Persons who are Indian Agents under the Money Transfer Service Scheme Madam / Dear Sir, Master Direction – Money Transfer Service Scheme (MTSS) Money T

RBI/FED/2016-17/52 FED Master Direction No.1/2016-17 February 22, 2017 To All Authorised Persons who are Indian Agents under the Money Transfer Service Scheme Madam / Dear Sir, Master Direction – Money Transfer Service Scheme (MTSS) Money T

Nov 17, 2016
UPDATED: 7 Dec, 2021
Master Direction - Insurance (Updated as on December 07, 2021)
RBI/FED/2015-16/5 FED Master Direction No. 9/2015-16 January 1, 2016 (Updated as on December 07, 2021) (Updated as on November 17, 2016) To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Insurance Issuance of in
RBI/FED/2015-16/5 FED Master Direction No. 9/2015-16 January 1, 2016 (Updated as on December 07, 2021) (Updated as on November 17, 2016) To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Insurance Issuance of in
Jun 09, 2016
Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015 (Amended upto February 27, 2019)
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA 10 (R) /2015-RB January 21, 2016(Amended upto February 27, 2019)(Amended upto June 01, 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 supersessio
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA 10 (R) /2015-RB January 21, 2016(Amended upto February 27, 2019)(Amended upto June 01, 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 supersessio
Jan 04, 2016
UPDATED: 1 Mar, 2024
Master Direction - Import of Goods and Services (Updated as on March 01, 2024)

RBI/FED/2016-17/12 FED Master Direction No. 17/2016-17 January 1, 2016 (Updated as on March 01, 2024) (Updated as on November 21, 2022) (Updated as on May 31, 2022) (Updated as on January 06, 2022) (Updated as on December 07, 2021) (Updated as on October 28, 2020) (Updated as on January 27, 2020) (Updated as on April 01, 2019) (Updated as on February 02, 2018) (Updated as on January 12, 2017) (Updated as on October 20, 2016) (Updated as on March 31, 2016) (Updated as on February 04, 2016) To All Authorised Dealer Category - I banks and Authorised Banks Madam / Dear Sir, Master Direction - Import of Goods and Services Import of Goods and Services into India is being allowed in terms of Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account Transaction) Rules, 2000. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications. 2. Within the contours of the Regulations, Reserve Bank of India also issues directions to Authorised Persons under Section 11 of the Foreign Exchange Management Act (FEMA), 1999. These directions lay down the modalities as to how the foreign exchange business has to be conducted by the Authorised Persons with their customers/constituents with a view to implementing the regulations framed. 

RBI/FED/2016-17/12 FED Master Direction No. 17/2016-17 January 1, 2016 (Updated as on March 01, 2024) (Updated as on November 21, 2022) (Updated as on May 31, 2022) (Updated as on January 06, 2022) (Updated as on December 07, 2021) (Updated as on October 28, 2020) (Updated as on January 27, 2020) (Updated as on April 01, 2019) (Updated as on February 02, 2018) (Updated as on January 12, 2017) (Updated as on October 20, 2016) (Updated as on March 31, 2016) (Updated as on February 04, 2016) To All Authorised Dealer Category - I banks and Authorised Banks Madam / Dear Sir, Master Direction - Import of Goods and Services Import of Goods and Services into India is being allowed in terms of Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account Transaction) Rules, 2000. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications. 2. Within the contours of the Regulations, Reserve Bank of India also issues directions to Authorised Persons under Section 11 of the Foreign Exchange Management Act (FEMA), 1999. These directions lay down the modalities as to how the foreign exchange business has to be conducted by the Authorised Persons with their customers/constituents with a view to implementing the regulations framed. 

Jan 04, 2016
UPDATED: 20 Jun, 2024
Master Direction - Reporting under Foreign Exchange Management Act, 1999 (Updated as on June 20, 2024)

RBI/FED/2015-16/13 FED Master Direction No.18/2015-16 January 1, 2016 (Updated as on June 20, 2024*) (Updated as on May 12, 2023*) (Updated as on September 30, 2022*) (Updated as on August 22, 2022*) (Updated as on June 09, 2022*) (Updated as on June 08, 2021*) (Updated as on September 18, 2019*) (Updated as on July 10, 2019*) (Updated as on July 9, 2019*) (Updated as on April 4, 2019*) (Updated as on November 20, 2018*) (Updated as on August 01, 2018*) (Updated as on April 26, 2018*) (Updated as on April 12, 2018*) (Updated as on March 16, 2018*) (Updated as on February 02, 2018*) (Updated as on January 24, 2018*) (Updated as on December 20, 2017*) (Updated as on December 14, 2017*) (Updated as on May 15, 2017*) (Updated as on September 19, 2016*) (Updated as on July 07, 2016*) (Updated as on June 13, 2016*) (Updated as on May 24, 2016*) (Updated as on May 18, 2016*) (Updated as on May 5, 2016*) (Updated as on April 13, 2016*) (Updated as on March 23, 2016*) (Updated as on February 11, 2016*) To, All Authorised Persons Madam/ Sir, Master Direction – Reporting under Foreign Exchange Management Act, 1999 Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorised persons and is based on the declarations and averments made to them by persons while undertaking the transactions.

RBI/FED/2015-16/13 FED Master Direction No.18/2015-16 January 1, 2016 (Updated as on June 20, 2024*) (Updated as on May 12, 2023*) (Updated as on September 30, 2022*) (Updated as on August 22, 2022*) (Updated as on June 09, 2022*) (Updated as on June 08, 2021*) (Updated as on September 18, 2019*) (Updated as on July 10, 2019*) (Updated as on July 9, 2019*) (Updated as on April 4, 2019*) (Updated as on November 20, 2018*) (Updated as on August 01, 2018*) (Updated as on April 26, 2018*) (Updated as on April 12, 2018*) (Updated as on March 16, 2018*) (Updated as on February 02, 2018*) (Updated as on January 24, 2018*) (Updated as on December 20, 2017*) (Updated as on December 14, 2017*) (Updated as on May 15, 2017*) (Updated as on September 19, 2016*) (Updated as on July 07, 2016*) (Updated as on June 13, 2016*) (Updated as on May 24, 2016*) (Updated as on May 18, 2016*) (Updated as on May 5, 2016*) (Updated as on April 13, 2016*) (Updated as on March 23, 2016*) (Updated as on February 11, 2016*) To, All Authorised Persons Madam/ Sir, Master Direction – Reporting under Foreign Exchange Management Act, 1999 Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorised persons and is based on the declarations and averments made to them by persons while undertaking the transactions.

Jan 04, 2016
UPDATED: 28 Apr, 2016
Master Direction - Remittance of Assets (Updated as on April 28, 2016)
RBI/FED/2015-16/8 FED Master Direction No. 13/2015-16 January 1, 2016 (Updated as on April 28, 2016) To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction - Remittance of Assets Remittance outs
RBI/FED/2015-16/8 FED Master Direction No. 13/2015-16 January 1, 2016 (Updated as on April 28, 2016) To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction - Remittance of Assets Remittance outs

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Page Last Updated on: June 27, 2024

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