Fema / RBI
Log in to FollowRBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
Establishment of Branch (BO) / Liaison Offices (LO) in India by Foreign Entities — Delegation of Powers
RBI circular on Advance Remittance for Import of Rough Diamonds
Minister of Commerce and Industry releases first draft consolidation of FDI Policy/ FDI Framework
Mobile Banking Transactions in India – Operative Guidelines for Banks
Know Your Customer (KYC) Guidelines – Accounts of Proprietary Concern
List of RBI forwarded to Banks for Central Statutory auditors for financial year 2009-10
RBI circular on Settlement of Interest Rate Futures- UCBs
Display of information for lodging of ATM related complaints
RBI extends timing for RTGS transactions to 04.30 in evening
Self Employment Scheme for Rehabilitation of Manual Scavengers. (SRMS) beyond 30 September 2009
Priority Sector Lending – Loans to Housing Finance Companies
UBD (PCB) BPD Cir No. 34 /16.26.000/2009
UCBs – KYC Norms/AML Standards/Combating Financing of Terrorism CFT (RBI/2009-10/260)
Press Note on Liberalization of Foreign Technology agreement policy
Latest RBI / FEMA News
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The RBI (Reserve Bank of India) is India’s Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India’s independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949.
Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government.
The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework.
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