RBI Clarification on carrying of INR 10,000 by Non-residents and Residents

In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk.  This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank.  The Reserve Bank issues… Read More

Tags: BhutanCurrencyIndiaIndian rupeeNepalNon-resident Indian and person of Indian originReserve Bank of IndiaSeptember 16 2013

RBI Clarification on Export and Import of Currency

RBI/2013-14/233 A.P. (DIR Series) Circular No. 39 September 6, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Export and Import of Currency Attention of Authorised Persons is invited to Regulation (2) of Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2009, notified vide Notification No. FEMA 195/RB-2009 dated July 7, 2009,… Read More

Tags: BhutanCategories of New Testament manuscriptsFederal Emergency Management AgencyForeign Exchange Management ActGovernment of IndiaIndiaNepalReserve Bank of India

RBI announces Scholarship Scheme for Central Bankers/Finance Ministry Officials of SAARC Countries

Governor Dr. D. Subbarao, today announced the Reserve Bank of India scholarship scheme for higher studies in Economics for officials of central banks/ministries of finance of South Asian Association for Regional Cooperation (SAARC) member countries. He announced the scholarship scheme in the 26th SAARCFINANCE Group Meeting being held today in Islamabad. Members of SAARC are: Afghanistan,… Read More

Tags: BangladeshIndiaMaldivesNepalReserve Bank of IndiaSAARCSouth Asian Association for Regional CooperationSri Lanka

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates