fema regulations

Circular No. 51/2011-Customs It is reported that, Foreign Exchange Counters located after immigration and before Customs (green / red channel) in the arrival hall and after Customs in the departure hall, are posing problems in enforcement of FEMA regulations / RBI guidelines in regard to import and export of Indian Currency by Indian resident passengers as well as well as non resident passengers / foreign tourists. Full Article

RBI/2009-10/ 122 ; DPSS (CO) EPPD No.327/04.03. 02/2009-10 August 14, 2009 Compliance with FEMA Regulations and Wire Transfer Guidelines As you are aware, FEMA Regulations specify the nature of credits that are permitted to NRE accounts which, inter-alia, include foreign inward remittances, transfers from other NRE accounts, funds received from a local source (representing interest [...] Full Article

A.P. (DIR Series) Circular No. 05, dated 22-7-2009 Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Companies (Issue of Indian Depository Receipts) Rules, 2004 (IDR Rules) notified by the Ministry of Corporate Affairs and subsequent amendments made thereto and Circular No. SEBI / CFD / DIL / DIP / 20 /2006 / [...] Full Article

As you aware the Ministry of Corporate Affairs has notified Companies (Issue of Indian Depository Receipts) Rules, 2004 and subsequently there were amendments on the subject matter and SEBI vide its Circular No. SEBI / CFD / DIL / DIP / 20 /2006 / 3 / 4 dated April 3, 2006 issued by the Securities [...] Full Article

RBI by circular dated July 22, 2009 has decided to operationalise the Indian Depository Receipt (IDR) rules, notified by Government of India with immediate effect. Salient features of the RBI circular are as under: 1.      Eligible companies resident outside India may issue IDRs through a Domestic Depository. The permission has been granted subject to compliance with the [...] Full Article