Category Archives: other Acts

Revised Rupee value of the Special Currency Basket

By | February 5, 2016

Source : Reserve Bank of India RBI/2015-16/305 A.P. (DIR Series) Circular No. 41 February 04, 2016 To All Category – l Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorized Dealer Category-I (AD Category-I) banks is invited… Read More »

Regulations for Transfer of Immovable Property outside India

By | February 5, 2016

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 »

Foreign currency accounts by person resident in India

By | February 5, 2016

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 »

limit for Export & import of Indian currency and notes

By | February 5, 2016

Source : Reserve Bank of India RBI/2015-16/310 A.P. (DIR Series) Circular No. 45/2015-16 [(1)/6(R)] February 04, 2016 To All Authorised Persons Madam/ Sir Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 Attention of Authorised Persons is invited to Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 notified vide Notification No. FEMA.6(R)/… Read More »

Surrender of foreign exchange within 180 days by Resident Individuals

By | February 5, 2016

Source : Reserve Bank of India RBI/2015-16/311 A.P. (DIR Series) Circular No.46/2015-16 [(1)/9(R)] February 04, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Realisation, repatriation and surrender… Read More »

Now you can buy foreign exchange from any post office

By | February 5, 2016

Source : Reserve Bank of India RBI/2015-16/314 A.P. (DIR Series) Circular No.49/2015-16 [(1)/18(R)] February 04, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Post Office (Postal Orders/Money Orders), 2015 Attention of Authorised Dealers (ADs) is invited to Notification No. FEMA. 18(R)/2015-RB dated December 29, 2015 notified vide G.S.R. No.1009 (E)… Read More »

Definition of Currency includes Debit cards and ATM cards

By | February 5, 2016

Source : Reserve Bank of India RBI/2015-16/313 A.P. (DIR Series) Circular No.48/2015-16 [(1)/15(R)] February 04, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Definition of “Currency”, 2015 Attention of Authorised Dealers (ADs) is invited to Notification No. FEMA. 15(R)/2015-RB dated December 29, 2015 notified vide G.S.R. No.1008 (E) dated December… Read More »

Settlement of Export/ Import transactions in currencies not having a direct exchange rate

By | February 5, 2016

Source: Reserve Bank of India RBI/2015-16/307 A.P. (DIR Series) Circular No. 42 February 4, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Settlement of Export/ Import transactions in currencies not having a direct exchange rate Attention of Authorised Dealer Category I (AD Category – I) banks is invited to Notification No. FEMA.… Read More »

RBI Increased RTGS service charges

By | February 5, 2016

Source : Reserve Bank of India RBI/2015-16/306 DPSS (CO) RTGS No.1926/04.04.002/2015-16 February 4, 2016 The Chairman / Managing Director / Chief Executive Officer of participants of RTGS Madam / Sir, RTGS service charges for members and customers – Rationalisation A reference is invited to our circular DPSS.(CO).RTGS.No.388/04.04.002/2011-2012 dated September 5, 2011. 2. As participants in… Read More »

State bound by doctrine of promissory estoppel : Supreme Court

By | February 4, 2016

  How far and to what extent is the State bound by the doctrine of promissory estoppel ? Held It is clear from the letter of the 4th respondent dated 23rd January, 1969 that a categorical representation was made by the 4th respondent on behalf of the Government that the proposed Vanaspati factory of the… Read More »