RBI/FED/2015-16/9 FED Master Direction No. 14/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction – Deposits and Accounts Opening, holding and maintaining foreign currency accounts by a person resident in India is regulated in terms of section 9 of the Foreign Exchange Management Act,… Read More »
RBI/FED/2015-16/10 FED Master Direction No. 15/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad… Read More »
Source : Reserve Bank of India RBI/FED/2015-16/11 FED Master Direction No.16/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised Banks Madam / Sir, Master Direction – Export of Goods and Services Export of Goods and Services from India is governed by clause (a) of sub-section (1) and sub-section (3) of… Read More »
Source : Reserve Bank of India RBI/FED/2015-16/12 FED Master Direction No. 17/2015-16 January 1, 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… Read More »
Source :Reserve Bank of India RBI/FED/2015-16/14 FED Master Direction No. 19/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Miscellaneous Reserve Bank of India has issued Master Directions consolidating relevant A.P (DIR Series) Circulars issued so far within the ambit of the… Read More »
RBI/FED/2015-16/15 FED Master Direction No.5/2015-16 January 1, 2016 To All Authorised Dealer Category – I banks and Authorised Banks Madam / Dear Sir, Master Direction – External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers Transactions on account of External Commercial Borrowings (ECB) and… Read More »
RBI/ FED/ 2015-16/13 FED Master Direction No. 18/ 2015-16 January 1, 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… Read More »
Source Reserve Bank of India RBI/FED/2015-16/16 FED Master Direction No.2/2015-16 January 1, 2016 To All Authorised Persons in Foreign Exchange Madam / Dear Sir, Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. Under this… Read More »
Source : Reserve Bank of India RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 To All Authorised Persons in Foreign Exchange Madam / Dear Sir, Master Direction – Money Changing Activities In terms of Section 10 of the Foreign Exchange Management Act, 1999, Reserve Bank authorises persons designated as Authorised Persons to deal in foreign… Read More »
NOTIFICATION Mumbai, the 29th December, 2015 No. FEMA 15 (R)/ 2015 – RB Definition of ” Currency “ G.S.R. 1008(E).—In pursuance of clause (h) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 15/ 2000-RB dated May 3, 2000, as amended from time to time,… Read More »