RBI has issued the following Notifications relating to NRO Account, NRE Account, FCNR Account , SNRR Account THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 1st April, 2016 No. FEMA 5(R)/2016-RB Foreign Exchange Management (Deposit) Regulations, 2016 G.S.R. 389(E).—In exercise of the powers… Read More »
THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 1st April, 2016 No. FEMA 13 (R)/2016-RB Foreign Exchange Management (Remittance of Assets) Regulations, 2016 G.S.R. 388(E).—In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999)… Read More »
Source :Reserve Bank of India Date : Feb 04, 2016 The Reserve Bank of India, in consultation with the Government of India, has revised nine regulations issued under the Foreign Exchange Management Act, 1999 (FEMA). Consequently, the respective original notifications and subsequent amendments stand repealed. For easy identification, revised regulations will carry the same numbers… Read More »
Source : Reserve Bank of India RBI/2015-16/308 A.P. (DIR Series) Circular No. 43/2015-16 [(1)/7(R)] February 04, 2016 To All Category – I Authorised Dealer and Authorised Banks Madam/ Sir Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11… Read More »
Source : Reserve Bank of India RBI/2015-16/309 A.P. (DIR Series) Circular No.44/2015-16 [(1)/10(R)] February 04, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11… Read More »
Source : Reserve Bank of India RBI/2015-16/312 A.P. (DIR Series) Circular No.47/2015-16 [(1)/11(R)] February 04, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention of Foreign… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) NOTIFICATION Mumbai, the 21st January, 2016 No. FEMA 10(R)/2015—RB Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 G.S.R. 96(E).—In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2)… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) CENTRAL OFFICE NOTIFICATION Mumbai , the 21st January 21, 2016 No. FEMA 7(R)/2015—RB G.S.R. 95(E).—In exercise of the powers conferred by clause (h) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management… Read More »
RBI/FED/2015-16/1 FED Master Direction No.4/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction- Compounding of Contraventions under FEMA, 1999 The provisions of section 15 of Foreign Exchange Management Act, 1999 (42 of 1999) hereinafter referred to as FEMA, 1999, permit compounding of contraventions and,… 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 »