FEMA - Corporate Law Reporter

Reporting under Foreign Direct Investment

RBI/2014-15/133 A.P. (DIR Series) Circular No. 6 July 18, 2014 To All Category - I Authorised Dealer banks Madam / Sir, Foreign Direct Investment Reporting under FDI Scheme Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to the provisions of the Foreign Exchange Management (Transfer or Issue of Security by… Read More

Increase in remittance limit from USD 75,000 to USD 1,25,000 for resident individuals

The Reserve Bank of India has issued a circular A.P.(DIR Series) No. 5 dated 17.07.2014 to liberalise the remittance scheme for the resident individuals from USD 75,000 to USD 1,25,000 per financial year. According , now the permission has been granted to remit up to USD 1,25,000 per financial year, under the scheme for any… Read More

Recognition to partly paid-up equity and warrants as FDI Compliant Instruments

The Reserve Bank of India has issued a (A.P. DIR Series) Circular No. 3 dated 14.07.2014 with respect to the regulations made there under in regard with Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 in terms of which only equity shares and compulsorily convertible preference shares… Read More

Master Circular Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998

RBI/2014-15/53 DNBS (PD) CC No 379/03.02.001/2014-15 July 1, 2014 To All Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sirs, Master Circular Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 As you are aware, in order to have all current instructions on the subject at one place, the… Read More

Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses

RBI/2014-15/14 Master Circular No. 3/2014-15 July 01, 2014 To, All Authorised Dealer Category-I Banks Madam / Sir, Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses This Master Circular consolidates the existing instructions on the subject of Memorandum of Instructions for Opening and Maintenance of Rupee/… Read More

Master Circular on Non-Resident Ordinary Rupee (NRO) Account

RBI/2014-15/7 Master Circular No. 2/2014-15 July 1, 2014 To, All Authorised Dealer Category I banks and Authorised banks Madam/ Sir Master Circular on Non-Resident Ordinary Rupee (NRO) Account The acceptance of deposits by an Authorised Dealer /Authorised bank from persons resident outside India are regulated by the provisions of sub-sections (1) and (2) of section… Read More

Master Circular on Risk Management and Inter-Bank Dealings

RBI/2014-15/12 Master Circular No. 5/2014-15 July 1, 2014 To, All Authorised Dealers - Category I Banks Madam / Sir, Master Circular on Risk Management and Inter-Bank Dealings Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging, Rupee Accounts of Non-Resident Banks, Inter-Bank Foreign Exchange Dealings, etc. are governed by the provisions in Notification No. FEMA 1/2000-RB,… Read More

Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals

RBI/2014-2015/8 Master Circular No. 8 /2014-15 July 01, 2014 To All Authorised Dealer Category I banks and Authorised banks Madam / Sir Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals Remittance facilities for Non-Residents /Persons of Indian Origin /Foreign Nationals are being governed by sub-section (1) and… Read More

Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin

RBI/2014-15/9 Master Circular No. 4/2014-15 July 1, 2014 To, All Category - I Authorised Dealer banks Madam / Sir Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin Acquisition and transfer of immovable property in India by NRIs / PIOs / Foreign Nationals of Non-Indian Origin is… Read More

Master Circular on Import of Goods and services

RBI/2014-15/4 Master Circular No.13/2014-15 July 01, 2014 To, All Category I Authorised Dealer Banks Madam / Sir, Master Circular on Import of Goods and Services Import of Goods and Services into India is being allowed in terms of Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R.… Read More

Master Circular on Exports of Goods and Services

RBI/2014-15/5 Master Circular No.14/2014-15 July 01, 2014 To, All Category I Authorised Dealer Banks Madam / Sir, Master Circular on Exports of Goods and Services Export of Goods and Services from India is allowed in terms of clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999… Read More

Master Circular on External Commercial Borrowings and Trade Credits

RBI/2014-15/3 Master Circular No. 12/ 2014-15 July 01, 2014 To All Authorised Dealer Category I banks and Authorised banks Madam / Sir Master Circular on External Commercial Borrowings and Trade Credits External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of sub-section 3 of section 6 of the Foreign… Read More

Master Circular on Miscellaneous Remittances from India Facilities for Residents

RBI/2014-15/10 Master Circular No. 6/2014-15 July 1, 2014 To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Circular on Miscellaneous Remittances from India Facilities for Residents Miscellaneous remittance facilities for residents are allowed in terms of section 5 of the Foreign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R… Read More