Fema / RBI News, Articles, Notifications and Forms

  • Feb
  • 07
  • 2016

RBI proposes Changes in Timeframe for Issue of Shares and Reporting of FDI

Added In RBI / FEMA
The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment with the provisions of the Companies Act, 2013 and in respect of filing of report with the Reserve Bank regarding receipt of foreign investment and issue of shares and to further streamline the compliance process, as below:

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  • Feb
  • 05
  • 2016

RBI proposes Changes in Timeframe for Issue of Shares and Reporting of FDI; Invites Comments from Stakeholders

Added In RBI / FEMA
The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment with the provisions of the Companies […]

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  • Feb
  • 04
  • 2016

Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015

Added In RBI / FEMA
A.P. (DIR Series) Circular No.46/2015-16 [(1)/9(R)] Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015 notified vide Notification No. FEMA. 9(R)/2015-RB dated December 29, 2015, c.f. G.S.R. No.1005(E) dated December 29, 2015, which supersedes the Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2000 and all amendments thereto.

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  • Feb
  • 04
  • 2016

Definition of Currency 2015 : RBI includes Debit cards, ATM cards & Similar instrument

Added In RBI / FEMA
A.P. (DIR Series) Circular No.48/2015-16 [(1)/15(R)] 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 29, 2015, which supersedes the Notification No. FEMA 15/2000-RB. 2. Synopsis of the new regulations is given as under:

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  • Feb
  • 04
  • 2016

Foreign Exchange Management (Export and Import of Currency) Regulations, 2015

Added In RBI / FEMA
A.P. (DIR Series) Circular No. 45/2015-16 [(1)/6(R)] Attention of Authorised Persons is invited to Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 notified vide Notification No. FEMA.6(R)/ 2015-RB dated December 29, 2015, c.f. G.S.R. No.1004 (E) dated December 29, 2015, which supersedes the Foreign Exchange Management (Export and Import of Currency) Regulations, 2000 and all amendments thereto.

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  • Feb
  • 04
  • 2016

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

Added In RBI / FEMA
A.P. (DIR Series) Circular No. 42 Attention of Authorised Dealer Category I (AD Category – I) banks is invited to Notification No. FEMA. 14 /RB -2000, dated 3rd May 2000, as amended from time to time, dealing with manner of receipt and payment, in terms of which export proceeds for exports from India and import payments for imports to India may be received / made in any mode in accordance with the directions issued by the Reserve Bank of India to the Authorized Dealers from time to time.

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  • Feb
  • 04
  • 2016

Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015

Added In RBI / FEMA
A.P. (DIR Series) Circular No.44/2015-16 [(1)/10(R)] Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign Exchange Management Act, 1999 (hereinafter referred to as the Act). On a review it is felt necessary to revise the regulations issued under the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000, as amended from

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  • Feb
  • 04
  • 2016

Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015

Added In RBI / FEMA
A.P. (DIR Series) Circular No. 43/2015-16 [(1)/7(R)] Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign Exchange Management Act, 1999 (hereinafter referred to as the Act). On a review it is felt necessary to revise the regulations issued under the Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2000,

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  • Feb
  • 04
  • 2016

RTGS service charges for members and customers – Rationalisation

Added In RBI / FEMA
DPSS (CO) RTGS No.1926/04.04.002/2015-16 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 the RTGS are aware, the RBI introduced service charges on members for all outward RTGS transactions with effect from October 1, 2011. Since then RBI has upgraded the RTGS system adding more capacity and features. With the enhancements, the time window of operation has also increased, adding to

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  • Feb
  • 04
  • 2016

Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015

Added In RBI / FEMA
A.P. (DIR Series) Circular No.47/2015-16 [(1)/11(R)] Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 notified vide Notification No. FEMA. 11(R)/2015-RB dated December 29, 2015, c.f. G.S.R. No.1006 (E) dated December 29, 2015, which supersedes the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000 and all amendments thereto.

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