RBI Master Circular on Implementation of the Provisions of Foreign Contribution (Regulation) Act, 2010

RBI/2013-14/93
DBOD.AML.BC.No. 23/14.08.001/2013-14

July 1, 2013
Ashadha 10,1935 (saka)

The Chairmen/Chief Executive Officers of
All Scheduled Commercial Banks (excluding RRBs)

Dear Sir,

Guidelines issued under Section 36(1)(a) of the Banking Regulation Act, 1949 – Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010

Please refer to our Master Circular DBOD.AML.BC No. 12/14.08.001/2012 13 dated July 02, 2012 consolidating instructions/guidelines issued to banks on Foreign Contribution (Regulation) Act, 1976 Obligations of Banks in Regulating Receipt of Foreign Contributions by Associations / Organizations in India.

2. With the coming into force of Foreign Contribution (Regulation) Act, 2010 and Foreign Contribution (Regulation) Rules, 2011, Foreign Contribution (Regulation) Act, 1976 stands repealed.

3. This Master Circular is a consolidation of the Reserve Bank™s guidelines on Foreign Contribution (Regulation) Act, 2010 and Foreign Contribution (Regulation) Rules, 2011 issued to banks up to June 30, 2013.

4. The Master Circular has been placed on RBI website: http://www.rbi.org.in

Yours faithfully,

(Prakash Chandra Sahoo)
Chief General Manager

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Tags: Central bank, Commercial bank, General manager, India, June 30 2013, Master Circular, Regulation, Reserve Bank of India