image

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

RBI/2015-2016/80
Master Circular No.8/2015-16

July 01, 2015

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 governed by sub-section (1) and (2) of section 6 of the Foreign Exchange Management Act, 1999 read with FEMA Notification No.13/2000-RB and FEMA Notification No. 21/2000-RB dated May 3, 2000, as amended from time to time.

2. This Master Circular consolidates the existing instructions on the subject of Remittance facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals at one place. The list of underlying circulars/ notifications consolidated in this Master Circular is furnished in the Appendix.

3. This Master Circular is being updated from time to time as and when fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated.

4. This Master Circular may be referred to for general guidance. The Authorised Dealer Category I banks and Authorized banks may refer to respective circulars / notifications for detailed information, if so needed.

Yours faithfully,

(A K Pandey)
Chief General Manager

Please click on the below link to read the full circular

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

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates