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Feb 12, 2004
FEMA, 1999 - Grant of Rupee loan to NRIs - Liberalisation - A.P (DIR Series) Circular No.69
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI RBI/2004/55 A.P. (DIR Series) Circular No.69 February 12, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, FEMA, 1999 - Grant of Rupee loan to NRIs - Liberalisation Under the provisions of the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 notified vide Notification No. FEMA 4/2000-RB dated May 3, 2000, Authorised Dealers are allowed to grant loans in ru
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI RBI/2004/55 A.P. (DIR Series) Circular No.69 February 12, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, FEMA, 1999 - Grant of Rupee loan to NRIs - Liberalisation Under the provisions of the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 notified vide Notification No. FEMA 4/2000-RB dated May 3, 2000, Authorised Dealers are allowed to grant loans in ru
Feb 11, 2004
Export of Goods and Services - Liberalisation - A.P (DIR Series) Circular No.68
RESERVE BANK OF INDIA RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 RBI/2004/54 A.P.(DIR Series) Circular No.68 February 11, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Export of Goods and Services – Liberalisation Attention of Authorised Dealers is invited to paragraph C 20 of Part C to the Annexure to AP(Dir Series) Circular No.12 of September 9, 2000 in terms of which they were prohibited from either acceptin
RESERVE BANK OF INDIA RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 RBI/2004/54 A.P.(DIR Series) Circular No.68 February 11, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Export of Goods and Services – Liberalisation Attention of Authorised Dealers is invited to paragraph C 20 of Part C to the Annexure to AP(Dir Series) Circular No.12 of September 9, 2000 in terms of which they were prohibited from either acceptin
Feb 10, 2004
Entry of NBFCs into Insurance Business
RBI/2004 / 51DNBS (PD) C.C. No. 35 / 10.24 / 2003-04February 10, 2004 ToAll Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies Dear Sir, Entry of NBFCs into Insurance Business Please refer to our Circular DNBS (PD)CC No.13/02.01/99-2000 dated June 30, 2000 containing guidelines for entry of NBFCs into insurance business which, inter alia, permitted NBFCs registered with the Reserve Bank to set up insurance joint ventures for undertaking insura
RBI/2004 / 51DNBS (PD) C.C. No. 35 / 10.24 / 2003-04February 10, 2004 ToAll Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies Dear Sir, Entry of NBFCs into Insurance Business Please refer to our Circular DNBS (PD)CC No.13/02.01/99-2000 dated June 30, 2000 containing guidelines for entry of NBFCs into insurance business which, inter alia, permitted NBFCs registered with the Reserve Bank to set up insurance joint ventures for undertaking insura
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Feb 06, 2004
Imports into India - Direct Receipt of Import Bills/Documents - Liberalisation A.P.(DIR Series) Circular No.66
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001 February 6, 2004 RBI/2004/45 A.P.(DIR Series) Circular No.66 To All Authorised Dealers in Foreign Exchange Madam / Sirs, FEMA 1999 - Imports into India – Direct Receipt of Import Bills/Documents - Liberalisation Attention of Authorised Dealers is invited to paragraph A.12 of the Annexure to A.P.(DIR Series) Circular No. 106 dated June 19, 2003 permitting Authorised Dealers to make remittanc
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001 February 6, 2004 RBI/2004/45 A.P.(DIR Series) Circular No.66 To All Authorised Dealers in Foreign Exchange Madam / Sirs, FEMA 1999 - Imports into India – Direct Receipt of Import Bills/Documents - Liberalisation Attention of Authorised Dealers is invited to paragraph A.12 of the Annexure to A.P.(DIR Series) Circular No. 106 dated June 19, 2003 permitting Authorised Dealers to make remittanc
Feb 06, 2004
Clarification regarding Automatic Route for Residual Activities under Foreign Direct Investment (FDI)A.P.(DIR Series) Circular No.67
Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai – 400 001 February 6, 2004 RBI/2004/46 A.P.(Dir Series) Circular No.67 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Clarification regarding Automatic Route for Residual Activities under Foreign Direct Investment (FDI) Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No.38 dated December 3, 2003 forwarding therewith the Summary of Regulatory Provisions covering For
Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai – 400 001 February 6, 2004 RBI/2004/46 A.P.(Dir Series) Circular No.67 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Clarification regarding Automatic Route for Residual Activities under Foreign Direct Investment (FDI) Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No.38 dated December 3, 2003 forwarding therewith the Summary of Regulatory Provisions covering For
Feb 06, 2004
Guidelines for bank finance to assist employees to buy shares of their own companies
RBI/2004/44DBOD No. Dir.BC. 67/13.07.05/2003-04February 6, 2004All Commercial Banks(excluding RRBs) Dear Sir,Guidelines for bank finance to assist employees to buy shares of their own companiesAs per the extant instructions issued vide circular DBOD.No.Dir.BC.1/ 13.07.05/95 dated January 6, 1995, bank finance to assist employees to buy shares of their own company under the employees’ quota is restricted to Rs.50,000/- or six months’ salary of the employee, whichever i
RBI/2004/44DBOD No. Dir.BC. 67/13.07.05/2003-04February 6, 2004All Commercial Banks(excluding RRBs) Dear Sir,Guidelines for bank finance to assist employees to buy shares of their own companiesAs per the extant instructions issued vide circular DBOD.No.Dir.BC.1/ 13.07.05/95 dated January 6, 1995, bank finance to assist employees to buy shares of their own company under the employees’ quota is restricted to Rs.50,000/- or six months’ salary of the employee, whichever i
Feb 05, 2004
Foreign Exchange Management Act, 1999 - A.P (DIR Series) Circular No.65
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/2004/43 A.P. (DIR Series) Circular No. 65 &n
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/2004/43 A.P. (DIR Series) Circular No. 65 &n
Feb 05, 2004
Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore
February 05, 2004RBI/2004/42DBOD No. BP. BC 66 / 21.04.117/2003-2004 Chairmen and Managing Directors of all Public Sector BanksDear Sir,Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore Please refer to our circular DBOD No. BP.BC. 108/ 21.04.117 / 2002-2003 dated May 23, 2003 extending the time limit for processing of applications for settlement of NPAs up to Rs. 10 crore from 31st October 2003
February 05, 2004RBI/2004/42DBOD No. BP. BC 66 / 21.04.117/2003-2004 Chairmen and Managing Directors of all Public Sector BanksDear Sir,Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore Please refer to our circular DBOD No. BP.BC. 108/ 21.04.117 / 2002-2003 dated May 23, 2003 extending the time limit for processing of applications for settlement of NPAs up to Rs. 10 crore from 31st October 2003
Feb 05, 2004
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 -
“The Oversea - Chinese Banking Corporation Limited.”
RBI/2004/40DBOD. Ret. BC No. 65/12.06.110/2003-04 February 5, 2004 All Scheduled Commercial Banks Dear Sirs, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "The Oversea – Chinese Banking Corporation Limited." We advise that the name of "The Oversea – Chinese Banking Corporation Limited." has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 27th December 2003, i.e. the date on which the relative
RBI/2004/40DBOD. Ret. BC No. 65/12.06.110/2003-04 February 5, 2004 All Scheduled Commercial Banks Dear Sirs, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "The Oversea – Chinese Banking Corporation Limited." We advise that the name of "The Oversea – Chinese Banking Corporation Limited." has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 27th December 2003, i.e. the date on which the relative
Feb 04, 2004
Liberalised Remittance Scheme of USD 25,000 for Resident Individuals - A.P (DIR Series) Circular No.64
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/ 2004/39 A.P. (DIR Series) Circular No. 64 February 4, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals As you are aware, we have been closely monitoring the macro-economic developments of the country and initiating suitable policy changes in tune with the changing scenario. As
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/ 2004/39 A.P. (DIR Series) Circular No. 64 February 4, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals As you are aware, we have been closely monitoring the macro-economic developments of the country and initiating suitable policy changes in tune with the changing scenario. As
Feb 03, 2004
Investment by International Financial Institutions in Govt. Securities - A.P (DIR Series) Circular No.63
Reserve Bank of IndiaReserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 RBI/2004/37 A.P.(Dir Series) Circular No.63 February 3, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sir, Investment by International Financial Institutions in Govt. Securities Attention of Authorised Dealers is invited to paragraphs 1 and 2 of Schedule 5 to Notification No. FEMA 20/2000-RB dated May 3, 2000 as amended from time to time whereby, FIIs and
Reserve Bank of IndiaReserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 RBI/2004/37 A.P.(Dir Series) Circular No.63 February 3, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sir, Investment by International Financial Institutions in Govt. Securities Attention of Authorised Dealers is invited to paragraphs 1 and 2 of Schedule 5 to Notification No. FEMA 20/2000-RB dated May 3, 2000 as amended from time to time whereby, FIIs and
Feb 03, 2004
Guidelines for acknowledgement of transfer/allotment of shares in private sector banks
RBI/2004/38DBOD.No.PSBS.BC. 64 /16.13.100/2003-04 February 3, 2004 Magh 14, 1925(Saka) All Scheduled Commercial Banks Dear Sir, Guidelines for acknowledgement of transfer/allotment of shares in private sector banks Please refer to our circulars DBOD.No.BP.BC.68/21.01.055/2001-02 dated February 16, 2002 on foreign direct investment in banking sector and DBOD.No.PSBS.BC.349/16.13.100/99-2000 dated September 21, 1999 on transfer of shares. In paragraphs 4(i) and 2 respec
RBI/2004/38DBOD.No.PSBS.BC. 64 /16.13.100/2003-04 February 3, 2004 Magh 14, 1925(Saka) All Scheduled Commercial Banks Dear Sir, Guidelines for acknowledgement of transfer/allotment of shares in private sector banks Please refer to our circulars DBOD.No.BP.BC.68/21.01.055/2001-02 dated February 16, 2002 on foreign direct investment in banking sector and DBOD.No.PSBS.BC.349/16.13.100/99-2000 dated September 21, 1999 on transfer of shares. In paragraphs 4(i) and 2 respec
Jan 31, 2004
External Commercial Borrowings (ECB)
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENTCentral OfficeMumbai 400 001January 31, 2004 RBI/2004/34A.P.(DIR Series) Circular No.60 ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,External Commercial Borrowings (ECB)1. Preamble With a view to replace temporary measures relating to External Commercial Borrowings (ECB) announced on November 14, 2003 with more transparent and simplified policies and procedures, a review of the ECB guidelines has been under
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENTCentral OfficeMumbai 400 001January 31, 2004 RBI/2004/34A.P.(DIR Series) Circular No.60 ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,External Commercial Borrowings (ECB)1. Preamble With a view to replace temporary measures relating to External Commercial Borrowings (ECB) announced on November 14, 2003 with more transparent and simplified policies and procedures, a review of the ECB guidelines has been under
Jan 31, 2004
Liberalised remittances facilities to NRIs/PIO and Foreign Nationals - A.P (DIR Series) Circular No.62
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 January 31, 2004 RBI/2004/36 A.P.(DIR Series) Circular No.62 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Liberalised remittances facilities to NRIs/PIO and Foreign Nationals Amendments to FEMA Regulations Clarificatory Guidelines Attention of Authorised Dealers is invited to paragraph 4 of A.P.(DIR Series) Circular No.67 dated January 13, 2003, permitting them to allow re
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 January 31, 2004 RBI/2004/36 A.P.(DIR Series) Circular No.62 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Liberalised remittances facilities to NRIs/PIO and Foreign Nationals Amendments to FEMA Regulations Clarificatory Guidelines Attention of Authorised Dealers is invited to paragraph 4 of A.P.(DIR Series) Circular No.67 dated January 13, 2003, permitting them to allow re
Jan 31, 2004
Exemption from Declaration of Export of Goods and Software - A.P (DIR Series) Circular No.61
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 January 31, 2004 RBI/2004/35 A.P.(DIR Series) Circular No.61 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exemption from Declaration of Export of Goods and Software Attention of Authorised Dealers is invited to Regulation 3 of Notification No. FEMA 23/2000-RB dated May 3, 2000, in terms of which every exporter of goods or software in physical form or through any other form shal
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 January 31, 2004 RBI/2004/35 A.P.(DIR Series) Circular No.61 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exemption from Declaration of Export of Goods and Software Attention of Authorised Dealers is invited to Regulation 3 of Notification No. FEMA 23/2000-RB dated May 3, 2000, in terms of which every exporter of goods or software in physical form or through any other form shal
Jan 29, 2004
Provision of note counting machines in the counters
January 29, 2004 RBI/ 2004/30DCM (Plg)No.874/10.36.00/2003-04 The Chairman, State Bank of IndiaManaging Directors, Associate BanksChairmen and Managing Directors of Nationalised BanksChairmen / CEOs of Private Sector Banks / Foreign Banks / Regional Rural Banks / Local Area Banks.Dear SirProvision of note counting machines in the counters.We advise that in terms of the Directive DBOD. No.Dir.BC.43/13.03.00/2001-02 dated 7th November 2001 issued by Reserve Bank of Indi
January 29, 2004 RBI/ 2004/30DCM (Plg)No.874/10.36.00/2003-04 The Chairman, State Bank of IndiaManaging Directors, Associate BanksChairmen and Managing Directors of Nationalised BanksChairmen / CEOs of Private Sector Banks / Foreign Banks / Regional Rural Banks / Local Area Banks.Dear SirProvision of note counting machines in the counters.We advise that in terms of the Directive DBOD. No.Dir.BC.43/13.03.00/2001-02 dated 7th November 2001 issued by Reserve Bank of Indi
Jan 29, 2004
Rationalisation of returns submitted by the Primary Dealers
January 29, 2004@@NBSP@@RBI/2004/31IDMD No.3 /PDRS/03.64.00/2003-04 To All the Primary Dealers Dear Sirs, Rationalisation of returns being submitted by the Primary Dealers. Please refer to paragraph 1(a) of the circular, IDMD(PDRS) No.122/03.64.00/ 2003-04 dated September 22, 2003 on the captioned subject. As advised therein, we now enclose the format of return, PDR-IV. The return is effective from the quarter ended December 31, 2003. The format of the return may be s
January 29, 2004@@NBSP@@RBI/2004/31IDMD No.3 /PDRS/03.64.00/2003-04 To All the Primary Dealers Dear Sirs, Rationalisation of returns being submitted by the Primary Dealers. Please refer to paragraph 1(a) of the circular, IDMD(PDRS) No.122/03.64.00/ 2003-04 dated September 22, 2003 on the captioned subject. As advised therein, we now enclose the format of return, PDR-IV. The return is effective from the quarter ended December 31, 2003. The format of the return may be s
Jan 24, 2004
Withdrawal of old Cupro Nickel and Aluminum Coins
24 January 2004RBI/2004/27/03.00/2003-04 The Chairman & Managing Director, All Public/Private Sector Banks. Dear Sir, Withdrawal of old Cupro Nickel and Aluminum Coins Please refer to our letter DCM (RMMT) No.404/11.37.01/2003-04 dated 9th October 2003 regarding reverse flow of coins from the public. It has now been decided by the Government that old coins of value up to Re.1/- made from Cupro-Nickel alloy and Aluminum should be withdrawn and sent to Mints for mel
24 January 2004RBI/2004/27/03.00/2003-04 The Chairman & Managing Director, All Public/Private Sector Banks. Dear Sir, Withdrawal of old Cupro Nickel and Aluminum Coins Please refer to our letter DCM (RMMT) No.404/11.37.01/2003-04 dated 9th October 2003 regarding reverse flow of coins from the public. It has now been decided by the Government that old coins of value up to Re.1/- made from Cupro-Nickel alloy and Aluminum should be withdrawn and sent to Mints for mel
Jan 19, 2004
Providing facilities to public for exchange of notes, coins, etc.
RBI/2004/19RBI/2004/19DCM (NE) No.310/08.07.18/2003-04January 19, 2004 The Chairman, SBI and Chairman & Managing Directors ofAll currency chest maintaining branches Dear SirProviding facilities to public for exchange of notes, coins, etc. As you are aware the Reserve Bank of India renders retail services to the public like distribution and exchange of currency and coins. Our Regional Offices have been issuing fresh/good notes and coins of all deno
RBI/2004/19RBI/2004/19DCM (NE) No.310/08.07.18/2003-04January 19, 2004 The Chairman, SBI and Chairman & Managing Directors ofAll currency chest maintaining branches Dear SirProviding facilities to public for exchange of notes, coins, etc. As you are aware the Reserve Bank of India renders retail services to the public like distribution and exchange of currency and coins. Our Regional Offices have been issuing fresh/good notes and coins of all deno
Jan 16, 2004
8% Savings (Taxable) Bonds 2003
January 16, 2004 Pausha 26, 1925Circular No. RBI / 2004 / 13Ref.DGBA.CO.DT.13.01.299/H- 3819 /2003-04The Chairman & Managing Director,SBI & Associate Banks,& 17 Nationalised Banks,UTI Bank Ltd., ICICI Bank Ltd.,HDFC Bank Ltd. IDBI Bank Ltd. &Stock Holding Corporation of India Ltd.Dear Sir, 8% Savings (Taxable) Bonds 2003 Please refer to our letter No.CO.DT.13.01.299/H-38362002-03 dated 3rd April 2003 on the captioned subject. In this connection, we adv
January 16, 2004 Pausha 26, 1925Circular No. RBI / 2004 / 13Ref.DGBA.CO.DT.13.01.299/H- 3819 /2003-04The Chairman & Managing Director,SBI & Associate Banks,& 17 Nationalised Banks,UTI Bank Ltd., ICICI Bank Ltd.,HDFC Bank Ltd. IDBI Bank Ltd. &Stock Holding Corporation of India Ltd.Dear Sir, 8% Savings (Taxable) Bonds 2003 Please refer to our letter No.CO.DT.13.01.299/H-38362002-03 dated 3rd April 2003 on the captioned subject. In this connection, we adv
Jan 14, 2004
Maintenance of CRR / SLR on transaction in Collateralised Borrowing and Lending Obligation (CBLO)
RBI/2004/12 DBOD.No.Ret.BC. 63 /12.01.001/2003-04 January 14, 2004 To All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Maintenance of CRR / SLR on transaction in Collateralised Borrowing and Lending Obligation (CBLO) As you are aware, Reserve Bank of India has been promoting collateralised borrowing / lending operations by market participants. In this connection, we invite a reference to paragraph 101 of the Governor’s statement on mid-term review on
RBI/2004/12 DBOD.No.Ret.BC. 63 /12.01.001/2003-04 January 14, 2004 To All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Maintenance of CRR / SLR on transaction in Collateralised Borrowing and Lending Obligation (CBLO) As you are aware, Reserve Bank of India has been promoting collateralised borrowing / lending operations by market participants. In this connection, we invite a reference to paragraph 101 of the Governor’s statement on mid-term review on
Jan 14, 2004
Monitoring of large value frauds by the Board of Directors
RBI/2004.15DBS.FGV(F) No.1004/23.04.01A/2003-04 January 14, 2004The Chief ExecutivesAll Indian Commercial banksDear Sir,Monitoring of large value frauds by the Board of DirectorsPlease refer to our circular DOS No BC 14/ Admn.919/16.13.100/95 dated September 26, 1995 containing revised instructions on the constitution and functions of the Audit Committee of Board (ACB).The ACB is required to oversee the internal inspection, statutory audit, inter-branch/inter-bank acc
RBI/2004.15DBS.FGV(F) No.1004/23.04.01A/2003-04 January 14, 2004The Chief ExecutivesAll Indian Commercial banksDear Sir,Monitoring of large value frauds by the Board of DirectorsPlease refer to our circular DOS No BC 14/ Admn.919/16.13.100/95 dated September 26, 1995 containing revised instructions on the constitution and functions of the Audit Committee of Board (ACB).The ACB is required to oversee the internal inspection, statutory audit, inter-branch/inter-bank acc
Jan 08, 2004
Final Guidelines on Investment by the FIs in Debt Securities
RESERVE BANK OF INDIAFinancial Institutions DivisionDepartment of Financial SupervisionJanuary 8, 2004@@NBSP@@@@NBSP@@RBI /2004/8DBS.FID.No. C-11 /01.02.00/2003-04The CEOs of all-India Term Lending and Refinancing InstitutionsDear Sir,Final guidelines on investment by the FIs in debt securitiesPlease refer to our Circular DBS.FID.No.C-8/01.02.00/2003-04 dated November 4, 2003 forwarding the draft guidelines on investment by the FIs in debt securities for comments whic
RESERVE BANK OF INDIAFinancial Institutions DivisionDepartment of Financial SupervisionJanuary 8, 2004@@NBSP@@@@NBSP@@RBI /2004/8DBS.FID.No. C-11 /01.02.00/2003-04The CEOs of all-India Term Lending and Refinancing InstitutionsDear Sir,Final guidelines on investment by the FIs in debt securitiesPlease refer to our Circular DBS.FID.No.C-8/01.02.00/2003-04 dated November 4, 2003 forwarding the draft guidelines on investment by the FIs in debt securities for comments whic
Jan 05, 2004
Frauds in the area of housing, consumer and retail finance
RPCD RBI/2004/3 @@NBSP@@ RPCD.RRB.No. BC.60 /03.05.33/2003-04 5 January 2004 The Chairmen Regional Rural Banks Dear Sir, Frauds in the area of housing, consumer and retail finance Cases of frauds have been reported to us by banks in the housing, consumer and retail finance portfolios perpetrated by unscrupulous borrowers by submitting fake/forged/stolen documents. The most common modus operandi adopted was availing of credit facilities by submitting forged/fake docume
RPCD RBI/2004/3 @@NBSP@@ RPCD.RRB.No. BC.60 /03.05.33/2003-04 5 January 2004 The Chairmen Regional Rural Banks Dear Sir, Frauds in the area of housing, consumer and retail finance Cases of frauds have been reported to us by banks in the housing, consumer and retail finance portfolios perpetrated by unscrupulous borrowers by submitting fake/forged/stolen documents. The most common modus operandi adopted was availing of credit facilities by submitting forged/fake docume
Jan 01, 2004
Bifurcation of Medinipur district in West Bengal into Purba Medinipur and Paschim Medinipur districts - Assignment of Lead Bank responsibility
RBI/2004/18 RPCD.CO.LBS.BC.No. 58 / 02.01.01 /2003-04 January 1, 2004 Pausha 11, Saka 1925 The Chairmen All Lead Banks Dear Sir, Bifurcation of Medinipur district in West Bengal into Purba Medinipur and Paschim Medinipur districts – Assignment of Lead Bank responsibility The Government of West Bengal have, vide their notification dated December 18, 2001, bifurcated the limits of existing district of Medinipur into two separate districts, namely, Purba Medinipur, with
RBI/2004/18 RPCD.CO.LBS.BC.No. 58 / 02.01.01 /2003-04 January 1, 2004 Pausha 11, Saka 1925 The Chairmen All Lead Banks Dear Sir, Bifurcation of Medinipur district in West Bengal into Purba Medinipur and Paschim Medinipur districts – Assignment of Lead Bank responsibility The Government of West Bengal have, vide their notification dated December 18, 2001, bifurcated the limits of existing district of Medinipur into two separate districts, namely, Purba Medinipur, with
Jan 01, 2004
Foreign Exchange Management (Transfer or Issue of Security by a person Resident outside India) (First Amendment) Regulations, 2004
A.P.(DIR Series) Circular No.97 dated June 21, 2004]Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 108/2004-RB Dated January 1, 2004Foreign Exchange Management(Transfer or Issue of Security by a person Resident outside India)(First Amendment) Regulations, 2004In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and
A.P.(DIR Series) Circular No.97 dated June 21, 2004]Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 108/2004-RB Dated January 1, 2004Foreign Exchange Management(Transfer or Issue of Security by a person Resident outside India)(First Amendment) Regulations, 2004In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and
Dec 27, 2003
Ad hoc Committees on Procedures and Performance Audit on Customer Services in Banks
DBOD.No.Leg.BC.60 /09.07.005/2003-04 December 27, 2003 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Ad hoc Committees on Procedures and Performance Audit on Customer Services in Banks Please refer to Paragraph 78 of the Statement on the Mid Term Review of Monetary and Credit Policy for the year 2003-2004. 2. In order to support broad-based improvement in customer services in relation to various banking services, each bank is advised to constitute an Ad
DBOD.No.Leg.BC.60 /09.07.005/2003-04 December 27, 2003 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Ad hoc Committees on Procedures and Performance Audit on Customer Services in Banks Please refer to Paragraph 78 of the Statement on the Mid Term Review of Monetary and Credit Policy for the year 2003-2004. 2. In order to support broad-based improvement in customer services in relation to various banking services, each bank is advised to constitute an Ad
Dec 05, 2003
Export of Goods and Services - Liberalisation
A.P.(DIR Series) Circular No.40 (December 5, 2003)
A.P.(DIR Series) Circular No.40 (December 5, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai A.P.(DIR Series) Circular No.40December 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services – Liberalisation Attention of Authorised Dealers is invited to A.P (DIR Series) Circular No.12 dated September 9, 2000, as amended from time to time, relating to Export of Goods and Services and Part C of the said circular wherein directions have been issued for allowin
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai A.P.(DIR Series) Circular No.40December 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services – Liberalisation Attention of Authorised Dealers is invited to A.P (DIR Series) Circular No.12 dated September 9, 2000, as amended from time to time, relating to Export of Goods and Services and Part C of the said circular wherein directions have been issued for allowin
Dec 03, 2003
Foreign Investments in India
A.P. (DIR Series) Circular No.38 (December 3, 2003)
A.P. (DIR Series) Circular No.38 (December 3, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.38 December 3, 2003To All Authorised Dealers in Foreign ExchangeMadam/ Sirs,Foreign Investments in IndiaRecent liberalisation measures relating to Foreign Direct Investment – FEMA No.94/2000-RBSummary of Regulatory Provisions covering Foreign Investments in IndiaAttention of Authorised Dealers is invited to the Foreign Exchange Management (Transfer or Issue of S
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.38 December 3, 2003To All Authorised Dealers in Foreign ExchangeMadam/ Sirs,Foreign Investments in IndiaRecent liberalisation measures relating to Foreign Direct Investment – FEMA No.94/2000-RBSummary of Regulatory Provisions covering Foreign Investments in IndiaAttention of Authorised Dealers is invited to the Foreign Exchange Management (Transfer or Issue of S
Dec 03, 2003
Foreign Investments in India - Investment in Proprietorship Concern/ Partnership Firm
A.P. (DIR Series) Circular No.39 (December 3, 2003)
A.P. (DIR Series) Circular No.39 (December 3, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.39December 3, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Foreign Investments in India – Investment in Proprietorship Concern/Partnership FirmAttention of Authorised Dealers is invited to the Foreign Exchange Management (Investment in Firm or Proprietary concern in India) Regulations, 2000 notified by the Reserve Bank of India vide Notification No.
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.39December 3, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Foreign Investments in India – Investment in Proprietorship Concern/Partnership FirmAttention of Authorised Dealers is invited to the Foreign Exchange Management (Investment in Firm or Proprietary concern in India) Regulations, 2000 notified by the Reserve Bank of India vide Notification No.
Nov 15, 2003
Permission to open Project Office in India
and Remittance of Assets - Project Office
A.P.(DIR Series) Circular No. 37 (Nov 15, 2003)
and Remittance of Assets - Project Office
A.P.(DIR Series) Circular No. 37 (Nov 15, 2003)
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No. 37 November 15, 2003 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Permission to open Project Office in India and Remittance of Assets - Project Office Attention of Authorised Dealers is invited to Notification No. FEMA 22/2000-RB dated May 3, 2000 [Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No. 37 November 15, 2003 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Permission to open Project Office in India and Remittance of Assets - Project Office Attention of Authorised Dealers is invited to Notification No. FEMA 22/2000-RB dated May 3, 2000 [Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business
Nov 14, 2003
Capitalisation of Lumpsum Fee / Royalty / ECB - Liberalisation
A.P. (DIR Series) Circular No.34 (Nov 14, 2003)
A.P. (DIR Series) Circular No.34 (Nov 14, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai - 400 001A.P. (DIR Series) Circular No.34November 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Capitalisation of Lumpsum Fee / Royalty / ECB – LiberalisationAttention of Authorised Dealers is invited to Regulation 5(1) of Notification No.FEMA.20/2000-RB dated May 3, 2000 and paragraph 8 of Schedule I thereto, in terms of which issue of shares or convertible debentures under Foreig
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai - 400 001A.P. (DIR Series) Circular No.34November 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Capitalisation of Lumpsum Fee / Royalty / ECB – LiberalisationAttention of Authorised Dealers is invited to Regulation 5(1) of Notification No.FEMA.20/2000-RB dated May 3, 2000 and paragraph 8 of Schedule I thereto, in terms of which issue of shares or convertible debentures under Foreig
Nov 14, 2003
Issue of Units of Mutual Funds
A.P.(DIR Series) Circular No.35 (Nov 14, 2003)
A.P.(DIR Series) Circular No.35 (Nov 14, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.35November 14, 2003To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Issue of Units of Mutual FundsAt present, Indian Asset Management Companies (AMCs) which launch off-shore funds abroad have to obtain SEBI’s approval for such schemes. They are also required to obtain RBI’s prior approval for issue of units, remittance of dividend and redemption of units
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.35November 14, 2003To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Issue of Units of Mutual FundsAt present, Indian Asset Management Companies (AMCs) which launch off-shore funds abroad have to obtain SEBI’s approval for such schemes. They are also required to obtain RBI’s prior approval for issue of units, remittance of dividend and redemption of units
Nov 14, 2003
External Commercial Borrowings (ECBs)
A.P. (DIR Series) Circular No.36 (Nov 14, 2003)
A.P. (DIR Series) Circular No.36 (Nov 14, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.36 November 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,External Commercial Borrowings (ECBs) Attention of Authorised Dealers is invited to A.P. (DIR Series) Circulars Nos.10 and 23 dated September 5, 2000 and September 17, 2002 respectively and Press Release F.No.4(35)/2003-ECB dated November 12, 2003 issued by Government of India (Ministry o
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.36 November 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,External Commercial Borrowings (ECBs) Attention of Authorised Dealers is invited to A.P. (DIR Series) Circulars Nos.10 and 23 dated September 5, 2000 and September 17, 2002 respectively and Press Release F.No.4(35)/2003-ECB dated November 12, 2003 issued by Government of India (Ministry o
Nov 13, 2003
Foreign Exchange Management Act, 1999 -
Current Account Transactions - Liberalisation
A.P.(DIR Series) Circular No.33 (Nov 13, 2003)
Current Account Transactions - Liberalisation
A.P.(DIR Series) Circular No.33 (Nov 13, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.33November 13, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 -Current Account Transactions – LiberalisationAttention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.3 dated July 17, 2003 permitting them to allow remittances upto USD 100,000 each for various purposes viz. (i) employment abroad (i
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.33November 13, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 -Current Account Transactions – LiberalisationAttention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.3 dated July 17, 2003 permitting them to allow remittances upto USD 100,000 each for various purposes viz. (i) employment abroad (i
Oct 29, 2003
Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003
[A.P.(DIR Series) Circular No.97 dated June 21, 2004]RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001Notification No.FEMA.107/2003-RB dated October 29, 2003Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003In exercise of the powers conferred by clause (a) of sub-section (1) and sub-section (3) of Section 7, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) an
[A.P.(DIR Series) Circular No.97 dated June 21, 2004]RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001Notification No.FEMA.107/2003-RB dated October 29, 2003Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003In exercise of the powers conferred by clause (a) of sub-section (1) and sub-section (3) of Section 7, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) an
Oct 28, 2003
Export of Goods and Services - Project Exports
A.P.(DIR Series) Circular No.32 (Oct 28, 2003)
A.P.(DIR Series) Circular No.32 (Oct 28, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.32 October 28, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Project ExportsAttention of Authorised Dealers is invited to Regulation 18 of Notification No.FEMA 23/2000-RB dated 3rd May 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 in terms of which export of goods or services o
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.32 October 28, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Project ExportsAttention of Authorised Dealers is invited to Regulation 18 of Notification No.FEMA 23/2000-RB dated 3rd May 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 in terms of which export of goods or services o
Oct 27, 2003
Foreign Exchange Management - Transfer or Issue of Security by a Person Resident outside India(fourth Amendment) regulations,2003
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001 Notification No. FEMA 106 /2003-RBDated the 27th October 2003 Foreign Exchange Management (Transfer or issue of Security by aPerson Resident outside India)(Fourth Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of sub-section(3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001 Notification No. FEMA 106 /2003-RBDated the 27th October 2003 Foreign Exchange Management (Transfer or issue of Security by aPerson Resident outside India)(Fourth Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of sub-section(3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification
Oct 24, 2003
Import of Silver/Platinum against
Letter of Authority issued by Nominated Agency
A.P.(DIR Series) Circular No.31 (October 24, 2003)
Letter of Authority issued by Nominated Agency
A.P.(DIR Series) Circular No.31 (October 24, 2003)
Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.31 October 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Import of Silver/Platinum against Letter of Authority issued by Nominated AgencyAttention of Authorised Dealers is invited to paragraph 2 of A.P. (DIR Series) Circular No.25 dated October 1, 2003, in terms of which they have been advised to issue letters of credit for import of gold under t
Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.31 October 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Import of Silver/Platinum against Letter of Authority issued by Nominated AgencyAttention of Authorised Dealers is invited to paragraph 2 of A.P. (DIR Series) Circular No.25 dated October 1, 2003, in terms of which they have been advised to issue letters of credit for import of gold under t
Oct 21, 2003
Foreign Exchange Management Third Amendment Regulations, 2003
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 Notification No. FEMA 104./2003-RB Dated the October 21, 2003Foreign Exchange Management (Foreign exchangederivative contracts) ( Third Amendment)Regulations, 2003. In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999), and in partial modification of its Notification No. FEMA 25/RB-2000 dated May 3, 200
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 Notification No. FEMA 104./2003-RB Dated the October 21, 2003Foreign Exchange Management (Foreign exchangederivative contracts) ( Third Amendment)Regulations, 2003. In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999), and in partial modification of its Notification No. FEMA 25/RB-2000 dated May 3, 200
Oct 21, 2003
Export of Goods and Services
A.P. (DIR Series) Circular No.30 (October 21, 2003)
A.P. (DIR Series) Circular No.30 (October 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.30 October 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services Attention of Authorised Dealers is invited to A.P. (DIR Series) Circulars No.6 dated September 24, 2001, No.2 dated July 4, 2002 and No.33 dated October 23, 2002, in terms of which manufacturer exporters/merchant exporters/traders of certain products and having e
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.30 October 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services Attention of Authorised Dealers is invited to A.P. (DIR Series) Circulars No.6 dated September 24, 2001, No.2 dated July 4, 2002 and No.33 dated October 23, 2002, in terms of which manufacturer exporters/merchant exporters/traders of certain products and having e
Oct 18, 2003
External Commercial Borrowings (ECBs) by Units in Special Economic Zones (SEZs)
A.P.(DIR Series) Circular No.29 (October 18, 2003)
A.P.(DIR Series) Circular No.29 (October 18, 2003)
Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.29 October 18, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,External Commercial Borrowings (ECBs) by Units in Special Economic Zones (SEZs)Attention of Authorised Dealers is invited to the Guidelines on ECBs Policies & Procedures (1999-2000) and Press Release F.No.4(2)/2002-ECB dated September 15, 2002 issued by Government of India, Ministry of
Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.29 October 18, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,External Commercial Borrowings (ECBs) by Units in Special Economic Zones (SEZs)Attention of Authorised Dealers is invited to the Guidelines on ECBs Policies & Procedures (1999-2000) and Press Release F.No.4(2)/2002-ECB dated September 15, 2002 issued by Government of India, Ministry of
Oct 17, 2003
Forward contracts - Investments of Non-Residents in Indian companies
A.P.(DIR Series) Circular No.28 (October 17, 2003)
A.P.(DIR Series) Circular No.28 (October 17, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.28 October 17, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Forward contracts – Investments of Non-Residents in Indian companiesAttention of Authorised Dealers is invited to Regulation 5 of Notification No.FEMA 25/RB-2000 dated May 3, 2000 read with A.P. (DIR Series) Circular No.50 dated November 16, 2002.2. It has been decided to permit persons resi
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.28 October 17, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Forward contracts – Investments of Non-Residents in Indian companiesAttention of Authorised Dealers is invited to Regulation 5 of Notification No.FEMA 25/RB-2000 dated May 3, 2000 read with A.P. (DIR Series) Circular No.50 dated November 16, 2002.2. It has been decided to permit persons resi
Oct 13, 2003
Foreign Exchange Management Regulations
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001 Notification No. FEMA/ 103 /2003-RB Dated the 13th October 2003 Foreign Exchange Management (Acquisition and transfer ofimmovable property outside India)(Amendment) Regulations, 2003 In exercise of the powers conferred by clause (h) of sub-section(3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No: FEM
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001 Notification No. FEMA/ 103 /2003-RB Dated the 13th October 2003 Foreign Exchange Management (Acquisition and transfer ofimmovable property outside India)(Amendment) Regulations, 2003 In exercise of the powers conferred by clause (h) of sub-section(3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No: FEM
Oct 10, 2003
FEMA 1999 - Grant of Rupee Loans to
NRI/PIO Employees of Indian Body Corporate
A.P.(DIR Series) Circular No.27 (October 10, 2003)
NRI/PIO Employees of Indian Body Corporate
A.P.(DIR Series) Circular No.27 (October 10, 2003)
Reserve Bank of India Exchange Control Department Central Office Mumbai A.P.(DIR Series) Circular No.27 October 10, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, FEMA 1999 – Grant of Rupee Loans to NRI/PIO Employees of Indian Body Corporate Attention of Authorised Dealers is invited to Regulation 8 of Notification No.FEMA 4/2000 RB dated May 3, 2000, in terms of which an Authorised Dealer or a housing finance institution in India approved by the Natio
Reserve Bank of India Exchange Control Department Central Office Mumbai A.P.(DIR Series) Circular No.27 October 10, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, FEMA 1999 – Grant of Rupee Loans to NRI/PIO Employees of Indian Body Corporate Attention of Authorised Dealers is invited to Regulation 8 of Notification No.FEMA 4/2000 RB dated May 3, 2000, in terms of which an Authorised Dealer or a housing finance institution in India approved by the Natio
Oct 03, 2003
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(Third Amendment) Regulations, 2003
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001NOTIFICATION NO. FEMA 100 /2003-RB DATED October 3, 2003 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6, Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 2
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001NOTIFICATION NO. FEMA 100 /2003-RB DATED October 3, 2003 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6, Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 2
Oct 03, 2003
Export of Goods and Services - Export of Books on Consignment Basis
A.P.(DIR Series) Circular No.26 (Oct 3, 2003)
A.P.(DIR Series) Circular No.26 (Oct 3, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.26October 3, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services -Export of Books on Consignment Basis Attention of Authorised Dealers is invited to paragraph A.11 of the Annexure to A.P.(DIR Series) Circular No.12 dated September 9, 2000 in terms of which the exporters intending to export goods on elongated credit terms may su
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.26October 3, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services -Export of Books on Consignment Basis Attention of Authorised Dealers is invited to paragraph A.11 of the Annexure to A.P.(DIR Series) Circular No.12 dated September 9, 2000 in terms of which the exporters intending to export goods on elongated credit terms may su
Oct 03, 2003
Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Second Amendment) Regulations, 2003
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 3rd October 2003Notification No. FEMA 102/2003-RB Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Second Amendment) Regulations, 2003In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 22/2000-RB dated 3rd May 2000, th
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 3rd October 2003Notification No. FEMA 102/2003-RB Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Second Amendment) Regulations, 2003In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 22/2000-RB dated 3rd May 2000, th
Oct 01, 2003
Import of gold against letter of authority issued by Nominated Agency
A.P.(DIR Series) Circular No. 25 (Oct 1, 2003)
A.P.(DIR Series) Circular No. 25 (Oct 1, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No. 25October 1, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Import of gold against letter of authority issued by Nominated Agency As you are aware, under the Government’s Nominated Agency Scheme for import of gold, MMTC/ HHEC, STC & PEC, designated as nominated agency by Government and banks permitted by RBI are authorised to import gold for supp
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No. 25October 1, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Import of gold against letter of authority issued by Nominated Agency As you are aware, under the Government’s Nominated Agency Scheme for import of gold, MMTC/ HHEC, STC & PEC, designated as nominated agency by Government and banks permitted by RBI are authorised to import gold for supp
Sep 27, 2003
Borrowing from Close Relatives Abroad
A.P. (DIR Series) Circular No.24 (Sept 27, 2003)
A.P. (DIR Series) Circular No.24 (Sept 27, 2003)
Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.24September 27, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Borrowing from Close Relatives Abroad Attention of Authorised Dealers is invited to paragraph (iv) of the Schedule to Regulation 6 of Notification No.FEMA 3/2000-RB dated May 3, 2000 in terms of which an individual resident in India is allowed by Reserve Bank, on application, to borr
Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.24September 27, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Borrowing from Close Relatives Abroad Attention of Authorised Dealers is invited to paragraph (iv) of the Schedule to Regulation 6 of Notification No.FEMA 3/2000-RB dated May 3, 2000 in terms of which an individual resident in India is allowed by Reserve Bank, on application, to borr
Sep 24, 2003
Export of Goods and Services - Payment of Claims by ECGC
A.P.(DIR Series) Circular No.22 (Sept 24, 2003)
A.P.(DIR Series) Circular No.22 (Sept 24, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.22September 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Payment of Claims by ECGC Attention of Authorised Dealers is invited to Paragraph C.17 of the annexure to A.P.(DIR Series) Circular No.12 dated September 9, 2000 in terms of which exporter is not absolved of the statutory obligation undertaken by him on the G
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.22September 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Payment of Claims by ECGC Attention of Authorised Dealers is invited to Paragraph C.17 of the annexure to A.P.(DIR Series) Circular No.12 dated September 9, 2000 in terms of which exporter is not absolved of the statutory obligation undertaken by him on the G
Sep 24, 2003
Submission of Consolidated A1/A2 Forms
A.P.(DIR Series) Circular No.23 (Sept 24, 2003)
A.P.(DIR Series) Circular No.23 (Sept 24, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.23September 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Submission of Consolidated A1/A2 FormsAs per the extant instructions, residents while making remittances exceeding USD 500 towards imports are required to apply in Form A1 and for other remittances in Form A2.2. With a view to streamlining the procedure and reducing paperwork associated wi
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.23September 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Submission of Consolidated A1/A2 FormsAs per the extant instructions, residents while making remittances exceeding USD 500 towards imports are required to apply in Form A1 and for other remittances in Form A2.2. With a view to streamlining the procedure and reducing paperwork associated wi
Sep 23, 2003
Purchase/Sale of Immovable Property by
Foreign Embassies/Diplomats/Consulate Generals
A.P. (DIR Series) Circular No.19 (Sept 23, 2003)
Foreign Embassies/Diplomats/Consulate Generals
A.P. (DIR Series) Circular No.19 (Sept 23, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.19September 23, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Purchase/Sale of Immovable Property byForeignEmbassies/Diplomats/Consulate GeneralsAttention of Authorised Dealers is invited to Regulation 5 of Notification No.FEMA.21/2000-RB dated May 3, 2000 regarding acquisition of immovable property in India by a person resident outside India for ca
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.19September 23, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Purchase/Sale of Immovable Property byForeignEmbassies/Diplomats/Consulate GeneralsAttention of Authorised Dealers is invited to Regulation 5 of Notification No.FEMA.21/2000-RB dated May 3, 2000 regarding acquisition of immovable property in India by a person resident outside India for ca
Sep 23, 2003
Opening of Foreign Currency Account in India by Project /
Service Exporter for Execution of Contract Abroad
A.P.(DIR Series) Circular No.20 (Sept 23, 2003)
Service Exporter for Execution of Contract Abroad
A.P.(DIR Series) Circular No.20 (Sept 23, 2003)
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No.20 September 23, 2003 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Opening of Foreign Currency Account in India by Project / Service Exporter for Execution of Contract Abroad Attention of Authorised Dealers is invited to Regulation 7(5) of Notification No.FEMA. 10/2000-RB dated May 3, 2000 relating to opening, holding and maintaining Foreign Curr
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No.20 September 23, 2003 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Opening of Foreign Currency Account in India by Project / Service Exporter for Execution of Contract Abroad Attention of Authorised Dealers is invited to Regulation 7(5) of Notification No.FEMA. 10/2000-RB dated May 3, 2000 relating to opening, holding and maintaining Foreign Curr
Sep 23, 2003
Foreign Exchange Management Act, 1999 -
EEFC/RFC(D) Account - Clarification
A.P. (DIR Series) Circular No.21 (Sept 23, 2003)
EEFC/RFC(D) Account - Clarification
A.P. (DIR Series) Circular No.21 (Sept 23, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.21September 23, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 – EEFC/RFC(D) Account - ClarificationAttention of Authorised Dealers is invited to Regulations 4 and 5A of Notification No.FEMA 10/2000-RB dated May 3, 2000, as amended from time to time, in terms of which a person resident in India may hold, open and
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.21September 23, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 – EEFC/RFC(D) Account - ClarificationAttention of Authorised Dealers is invited to Regulations 4 and 5A of Notification No.FEMA 10/2000-RB dated May 3, 2000, as amended from time to time, in terms of which a person resident in India may hold, open and
Sep 20, 2003
Deferred Payments Protocols dated 30th April 1981 and
23rd December 1985 between the Government of India and erstwhile USSR
A.P.(DIR Series) Circular No.16 (Sept 20, 2003)
23rd December 1985 between the Government of India and erstwhile USSR
A.P.(DIR Series) Circular No.16 (Sept 20, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.16September 20, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Deferred Payments Protocols dated 30th April 1981 and23rd December 1985 between the Government of Indiaand erstwhile USSRAttention of Authorised Dealers is invited to AP(DIR Series) Circular No.89 dated March 28, 2003 wherein the rupee value of the special currency basket effective from
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.16September 20, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Deferred Payments Protocols dated 30th April 1981 and23rd December 1985 between the Government of Indiaand erstwhile USSRAttention of Authorised Dealers is invited to AP(DIR Series) Circular No.89 dated March 28, 2003 wherein the rupee value of the special currency basket effective from
Sep 20, 2003
Remittance of Salary - Relaxation
A.P. (DIR Series) Circular No.17 (Sept 20, 2003)
A.P. (DIR Series) Circular No.17 (Sept 20, 2003)
Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.17 September 20, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Remittance of Salary - Relaxation Attention of Authorised Dealers is invited to Regulation No.7(8) of the Notification No.FEMA 10/2000-RB dated May 3, 2000 as amended by the Notification No.FEMA 34/2001-RB dated January 22, 2001, in terms of which foreign nationals employed in In
Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.17 September 20, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Remittance of Salary - Relaxation Attention of Authorised Dealers is invited to Regulation No.7(8) of the Notification No.FEMA 10/2000-RB dated May 3, 2000 as amended by the Notification No.FEMA 34/2001-RB dated January 22, 2001, in terms of which foreign nationals employed in In
Sep 20, 2003
Foreign Currency Accounts by non-Diplomatic Staff of
Foreign Embassies in India Holding Official Passport
A.P.(DIR Series) Circular No.18 (Sept 20, 2003)
Foreign Embassies in India Holding Official Passport
A.P.(DIR Series) Circular No.18 (Sept 20, 2003)
Reserve Bank of India Exchange Control Department Central office Mumbai – 400 001 A.P.(DIR Series) Circular No.18 September 20, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Foreign Currency Accounts by non-Diplomatic Staff of Foreign Embassies in India Holding Official Passport Attention of Authorised Dealers is invited to Regulation No.4(3) of Notification No.FEMA 5/2000-RB dated May 3, 2000 in terms of which diplomatic missions and diplomatic perso
Reserve Bank of India Exchange Control Department Central office Mumbai – 400 001 A.P.(DIR Series) Circular No.18 September 20, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Foreign Currency Accounts by non-Diplomatic Staff of Foreign Embassies in India Holding Official Passport Attention of Authorised Dealers is invited to Regulation No.4(3) of Notification No.FEMA 5/2000-RB dated May 3, 2000 in terms of which diplomatic missions and diplomatic perso
Sep 17, 2003
Advance Remittance for Imports
A.P.(DIR Series) Circular No.15 (Sept 17, 2003)
A.P.(DIR Series) Circular No.15 (Sept 17, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.15September 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Advance Remittance for ImportsAttention of Authorised Dealers is invited to paragraph A.6 of the Annexure to A.P. (DIR Series) Circular No.106 dated June 19, 2003 in terms of which authorised dealers have been permitted to make advance remittance upto USD 100,000 (USD one hundred thousand
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.15September 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Advance Remittance for ImportsAttention of Authorised Dealers is invited to paragraph A.6 of the Annexure to A.P. (DIR Series) Circular No.106 dated June 19, 2003 in terms of which authorised dealers have been permitted to make advance remittance upto USD 100,000 (USD one hundred thousand
Sep 01, 2003
Investment by FIIs/NRIs in Exchange Traded Derivative Contracts(ETDCs)
A.P.(DIR Series) Circular No.13 (September 1, 2003)
A.P.(DIR Series) Circular No.13 (September 1, 2003)
Reserve Bank of India Exchange Control Department Central Office Mumbai – 400 001 A.P.(DIR Series) Circular No.13 September 1, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Investment by FIIs/NRIs in Exchange Traded Derivative Contracts(ETDCs) Attention of Authorised Dealers is invited to Regulation 5 of Notification No. FEMA 20/2000-RB dated 3rd May 2000 conveying permission for purchase of shares by certain persons resident outside India. 2. As part
Reserve Bank of India Exchange Control Department Central Office Mumbai – 400 001 A.P.(DIR Series) Circular No.13 September 1, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Investment by FIIs/NRIs in Exchange Traded Derivative Contracts(ETDCs) Attention of Authorised Dealers is invited to Regulation 5 of Notification No. FEMA 20/2000-RB dated 3rd May 2000 conveying permission for purchase of shares by certain persons resident outside India. 2. As part
Aug 27, 2003
Foreign Exchange Management (Manner of Receipt & Payments) (Amendment) Regulations, 2003
[A.P.(DIR Series) Circular No.97 dated June 21, 2004] RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001Notification No.FEMA.98/2003-RB dated August 27, 2003Foreign Exchange Management (Manner of Receipt & Payments)(Amendment) Regulations, 2003In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999) and in partial modification of Notification No.FEMA.14/2000-RB dated May 3, 2000, the
[A.P.(DIR Series) Circular No.97 dated June 21, 2004] RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001Notification No.FEMA.98/2003-RB dated August 27, 2003Foreign Exchange Management (Manner of Receipt & Payments)(Amendment) Regulations, 2003In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999) and in partial modification of Notification No.FEMA.14/2000-RB dated May 3, 2000, the
Aug 27, 2003
Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2003
[A.P.(DIR Series) Circular No.97 dated June 21, 2004] RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA.99/2003-RB dated August 27, 2003 Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of Section 7 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) an
[A.P.(DIR Series) Circular No.97 dated June 21, 2004] RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA.99/2003-RB dated August 27, 2003 Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of Section 7 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) an
Aug 20, 2003
Issue of shares to NRIs/OCBs on rights basis
A.P.(Dir Series) Circular No.10 (August 20, 2003)
A.P.(Dir Series) Circular No.10 (August 20, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001.A.P.(Dir Series) Circular No.10August 20, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sir,Issue of shares to NRIs/OCBs on rights basisAttention of authorised dealers is invited to sub-regulation (2) of Regulation 6 of Notification No.FEMA.20/2000-RB dated 3rd May 2000 in terms of which Indian companies are permitted to offer to a person resident outside India, equity or preferenc
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001.A.P.(Dir Series) Circular No.10August 20, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sir,Issue of shares to NRIs/OCBs on rights basisAttention of authorised dealers is invited to sub-regulation (2) of Regulation 6 of Notification No.FEMA.20/2000-RB dated 3rd May 2000 in terms of which Indian companies are permitted to offer to a person resident outside India, equity or preferenc
Aug 20, 2003
Indo-Suriname Credit Agreement
dated March 17, 2003, for USD 10 Million
A.P. (DIR Series) Circular No.11 (August 20, 2003)
dated March 17, 2003, for USD 10 Million
A.P. (DIR Series) Circular No.11 (August 20, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001.A.P. (DIR Series) Circular No.11August 20, 2003To All Authorised Dealers in Foreign ExchangeMadam/ Sirs,Indo-Suriname Credit Agreement dated March 17, 2003, for USD 10 Million The Government of India have extended a line of credit of an amount of USD 10 million (US Dollar Ten Million only) to the Government of Suriname under a credit agreement entered into between the two Governments on March
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001.A.P. (DIR Series) Circular No.11August 20, 2003To All Authorised Dealers in Foreign ExchangeMadam/ Sirs,Indo-Suriname Credit Agreement dated March 17, 2003, for USD 10 Million The Government of India have extended a line of credit of an amount of USD 10 million (US Dollar Ten Million only) to the Government of Suriname under a credit agreement entered into between the two Governments on March
Aug 20, 2003
Export of Goods and Services
A.P. (DIR Series) Circular No.12 (Aug 20, 2003)
A.P. (DIR Series) Circular No.12 (Aug 20, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.12August 20, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and ServicesAttention of authorised dealers is invited to A.P.(DIR Series) Circular No.12 dated August 28, 2002, in terms of which the facility for realisation and repatriation of full value of goods/software exported to the countries included in the list annexed to the above
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.12August 20, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and ServicesAttention of authorised dealers is invited to A.P.(DIR Series) Circular No.12 dated August 28, 2002, in terms of which the facility for realisation and repatriation of full value of goods/software exported to the countries included in the list annexed to the above
Aug 18, 2003
Evidence of Import - Liberalisation
A.P.(DIR Series) Circular No.9 (Aug 18, 2003)
A.P.(DIR Series) Circular No.9 (Aug 18, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001 A.P.(DIR Series) Circular No.9 August 18, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Evidence of Import – Liberalisation Attention of authorised dealers is invited to paragraph A10.1(i) of the Annexure to A.P (DIR Series) Circular No.106 dated June 19, 2003 in terms of which, it is obligatory on the part of the authorised dealers making import remittance to ensure that the i
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001 A.P.(DIR Series) Circular No.9 August 18, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Evidence of Import – Liberalisation Attention of authorised dealers is invited to paragraph A10.1(i) of the Annexure to A.P (DIR Series) Circular No.106 dated June 19, 2003 in terms of which, it is obligatory on the part of the authorised dealers making import remittance to ensure that the i
Aug 16, 2003
Foreign Exchange Management Act, 1999
A.P. (DIR Series) Circular No.8 (Aug 16, 2003)
A.P. (DIR Series) Circular No.8 (Aug 16, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.8August 16, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999Attention of authorised dealers is invited to A.P.(DIR Series) circulars indicated in the Annexure. It was mentioned therein that necessary amendments to the Foreign Exchange Management Regulations, 2000 were being issued separately. The relevant amendment
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.8August 16, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999Attention of authorised dealers is invited to A.P.(DIR Series) circulars indicated in the Annexure. It was mentioned therein that necessary amendments to the Foreign Exchange Management Regulations, 2000 were being issued separately. The relevant amendment
Aug 12, 2003
Current Account Transactions - Liberalisation - Clarifications
A.P. (DIR Series) Circular No.7 (August 12, 2003)
A.P. (DIR Series) Circular No.7 (August 12, 2003)
Reserve bank of indiaExchange control departmentCentral officeMumbai 400 001A.P. (DIR Series) Circular No.7 August 12, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - Liberalisation - Clarifications Attention of Authorised dealers is invited to paragraphs 1, 2 and 3 of A.P. (DIR Series) Circular No.3 dated July 17, 2003, conveying liberalisation in the remittance facilities for employment, emigration, education, maintenance of
Reserve bank of indiaExchange control departmentCentral officeMumbai 400 001A.P. (DIR Series) Circular No.7 August 12, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - Liberalisation - Clarifications Attention of Authorised dealers is invited to paragraphs 1, 2 and 3 of A.P. (DIR Series) Circular No.3 dated July 17, 2003, conveying liberalisation in the remittance facilities for employment, emigration, education, maintenance of
Jul 23, 2003
Resurgent India Bonds - Forward Contracts - Clarification
A.P. (DIR Series) Circular No.6 (July 23, 2003)
A.P. (DIR Series) Circular No.6 (July 23, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.6 July 23, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Resurgent India Bonds - Forward Contracts - Clarification Attention of authorised dealers is invited to paragraph 2 of Schedule II to Notification No. FEMA 25/RB-2000 dated May 3, 2000, which lists out the exposure for which forward cover can be offered by authorised dealers to Non-Resident
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.6 July 23, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Resurgent India Bonds - Forward Contracts - Clarification Attention of authorised dealers is invited to paragraph 2 of Schedule II to Notification No. FEMA 25/RB-2000 dated May 3, 2000, which lists out the exposure for which forward cover can be offered by authorised dealers to Non-Resident
Jul 21, 2003
Foreign Technology Collaboration - Royalty Payment - Liberalisation
A.P. (DIR Series) Circular No.5 (July 21, 2003)
A.P. (DIR Series) Circular No.5 (July 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai - 400 001A.P. (DIR Series) Circular No.5 July 21, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Foreign Technology Collaboration – Royalty Payment – Liberalisation Attention of authorised dealers is drawn to the Government policy on payment of royalty under Foreign Technology Collaboration. Presently, only wholly owned subsidiaries are allowed to pay royalty to offshore parent compani
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai - 400 001A.P. (DIR Series) Circular No.5 July 21, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Foreign Technology Collaboration – Royalty Payment – Liberalisation Attention of authorised dealers is drawn to the Government policy on payment of royalty under Foreign Technology Collaboration. Presently, only wholly owned subsidiaries are allowed to pay royalty to offshore parent compani
Jul 19, 2003
Merchanting Trade Transactions - Clarifications - Short term credit
A.P. (DIR Series) Circular No.4 (July 19, 2003)
A.P. (DIR Series) Circular No.4 (July 19, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.4July 19, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Merchanting Trade Transactions – Clarifications - Short term credit Attention of authorised dealers is invited to the provisions of A.P.(DIR Series) circular No.25 dated September 27, 2002 regarding simplification of procedure for financing imports into India by way of Suppliers' or Buyers' Cre
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.4July 19, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Merchanting Trade Transactions – Clarifications - Short term credit Attention of authorised dealers is invited to the provisions of A.P.(DIR Series) circular No.25 dated September 27, 2002 regarding simplification of procedure for financing imports into India by way of Suppliers' or Buyers' Cre
Jul 17, 2003
Current Account Transactions - Liberalisation
A.P.(DIR Series) Circular No.3 (July 17, 2003)
A.P.(DIR Series) Circular No.3 (July 17, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.3July 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - LiberalisationAttention of authorised dealers is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step towards f
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.3July 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - LiberalisationAttention of authorised dealers is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step towards f
Jul 14, 2003
Exim Bank’s Line of credit to overseas banking institutions/ financial institutions
A.P.(DIR series) Circular No.2 (July 14, 2003)
A.P.(DIR series) Circular No.2 (July 14, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR series) Circular No.2July 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank’s Line of credit to overseas bankinginstitutions/ financial institutionsAttention of authorised dealers is invited to the A.P.(DIR Series) Circulars listed below, regarding Lines of Credit extended by Export Import Bank of India (EXIM Bank) to foreign institutions.Sr. No.A.P.(DIR Ser
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR series) Circular No.2July 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank’s Line of credit to overseas bankinginstitutions/ financial institutionsAttention of authorised dealers is invited to the A.P.(DIR Series) Circulars listed below, regarding Lines of Credit extended by Export Import Bank of India (EXIM Bank) to foreign institutions.Sr. No.A.P.(DIR Ser
Jul 02, 2003
Exim Bank's Line of Credit of US $ 5 Million
to Hatton National Bank Ltd. (HNB), Sri Lanka
A.P.(DIR Series) Circular No.1 (July 2, 2003)
to Hatton National Bank Ltd. (HNB), Sri Lanka
A.P.(DIR Series) Circular No.1 (July 2, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.1July 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank's Line of Credit of US $ 5 Millionto Hatton National Bank Ltd. (HNB), Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an agreement with Hatton National Bank Ltd. (HNB), Sri Lanka on February 12, 2003, making available to the latter, a line of credit (LOC) upto an aggrega
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.1July 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank's Line of Credit of US $ 5 Millionto Hatton National Bank Ltd. (HNB), Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an agreement with Hatton National Bank Ltd. (HNB), Sri Lanka on February 12, 2003, making available to the latter, a line of credit (LOC) upto an aggrega
Jul 02, 2003
Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai Notification No. FEMA 95/2003-RB Dated July 2, 2003 Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 22/2000-RB dated 3rd May 2000, the Res
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai Notification No. FEMA 95/2003-RB Dated July 2, 2003 Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 22/2000-RB dated 3rd May 2000, the Res
Jul 02, 2003
Foreign Exchange Management (Remittance of Assets)
(Amendment) Regulations, 2003
(Amendment) Regulations, 2003
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiNotification No.FEMA.96/2003-RBDated July 2, 2003Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2003In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.13/2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiNotification No.FEMA.96/2003-RBDated July 2, 2003Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2003In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.13/2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange
Jun 21, 2003
Foreign currency- Rupee Options
A.P.(DIR Series) Circular No.108 (June 21, 2003)
A.P.(DIR Series) Circular No.108 (June 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.108June 21, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Foreign currency- Rupee OptionsAs a part of developing the derivative market in India and adding to the spectrum of hedge products available to residents and non-residents for hedging currency exposures, it has been decided to permit foreign currency – rupee options with effect from July 7, 2
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.108June 21, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Foreign currency- Rupee OptionsAs a part of developing the derivative market in India and adding to the spectrum of hedge products available to residents and non-residents for hedging currency exposures, it has been decided to permit foreign currency – rupee options with effect from July 7, 2
Jun 19, 2003
Foreign Exchange Management Act - 1999 Import of Goods into India
A.P.(DIR Series) Circular No.106 (June 19, 2003)
A.P.(DIR Series) Circular No.106 (June 19, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 A.P.(DIR Series) Circular No.106June 19, 2003ToAll Authorised Dealers in Foreign Exchange.Madam/Sir,Foreign Exchange Management Act - 1999 Import of Goods into IndiaAttention of authorised dealers is invited to the Annexure to A.P.(DIR Series) Circular No. 9 dated August 24, 2000 containing directions to be followed by authorised dealers while dealing with applications relating to import
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 A.P.(DIR Series) Circular No.106June 19, 2003ToAll Authorised Dealers in Foreign Exchange.Madam/Sir,Foreign Exchange Management Act - 1999 Import of Goods into IndiaAttention of authorised dealers is invited to the Annexure to A.P.(DIR Series) Circular No. 9 dated August 24, 2000 containing directions to be followed by authorised dealers while dealing with applications relating to import
Jun 18, 2003
Foreign Exchange Management (Transfer or Issue of Security by a
Person Resident outside India) ( Second Amendment) Regulations, 2003
Person Resident outside India) ( Second Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 94 /2003-RBdated 18th June 2003Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) ( Second Amendment) Regulations, 2003 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.F
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 94 /2003-RBdated 18th June 2003Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) ( Second Amendment) Regulations, 2003 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.F
Jun 16, 2003
Supply of goods by Special Economic Zones (SEZs) to Units in
DomesticTariff Area (DTA) against payment in foreign exchange
A.P.(DIR Series) Circular No.105 (June 16, 2003)
DomesticTariff Area (DTA) against payment in foreign exchange
A.P.(DIR Series) Circular No.105 (June 16, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.105June 16, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Supply of goods by Special Economic Zones (SEZs) to Units in DomesticTariff Area (DTA) against payment in foreign exchangeAttention of authorised dealers is invited to paragraph 8 of Annexure to A.P.(DIR Series) Circular No.54 dated November 25, 2002, in terms of which Units in Domestic Tarif
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.105June 16, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Supply of goods by Special Economic Zones (SEZs) to Units in DomesticTariff Area (DTA) against payment in foreign exchangeAttention of authorised dealers is invited to paragraph 8 of Annexure to A.P.(DIR Series) Circular No.54 dated November 25, 2002, in terms of which Units in Domestic Tarif
Jun 05, 2003
Foreign Exchange Management (Insurance)(Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office MumbaiNotification No.FEMA. 91/2003-RB dated June 5, 2003 Foreign Exchange Management (Insurance) (Amendment) Regulations, 2003 In exercise of the powers conferred by sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999, (42 of 1999), and in partial modification of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes t
Reserve Bank of India Exchange Control Department Central Office MumbaiNotification No.FEMA. 91/2003-RB dated June 5, 2003 Foreign Exchange Management (Insurance) (Amendment) Regulations, 2003 In exercise of the powers conferred by sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999, (42 of 1999), and in partial modification of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes t
May 31, 2003
Foreign Exchange Management Act, 1999 - Liberalisation
A.P.(DIR Series) Circular No.104 (May 31, 2003)
A.P.(DIR Series) Circular No.104 (May 31, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.104 May 31, 2003ToAll Authorised Dealers in Foreign Exchange Madam/Sir,Foreign Exchange Management Act, 1999 - LiberalisationAttention of authorised dealers is invited to our A.P.(DIR Series) Circulars listed below, announcing certain liberalised facilities in Capital Account transactions for a period upto June 30, 2003, subject to review.Sr. No.A.P.(DIR Series)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.104 May 31, 2003ToAll Authorised Dealers in Foreign Exchange Madam/Sir,Foreign Exchange Management Act, 1999 - LiberalisationAttention of authorised dealers is invited to our A.P.(DIR Series) Circulars listed below, announcing certain liberalised facilities in Capital Account transactions for a period upto June 30, 2003, subject to review.Sr. No.A.P.(DIR Series)
May 23, 2003
Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Third Amendment) Regulations, 2003
Reserve Bank of India(Exchange Control Department)Central OfficeMumbai 400 001 Notification No.FEMA.90/2003-RBDated May 23, 2003Foreign Exchange Management (Foreign Currency Account bya Person Resident in India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA 1
Reserve Bank of India(Exchange Control Department)Central OfficeMumbai 400 001 Notification No.FEMA.90/2003-RBDated May 23, 2003Foreign Exchange Management (Foreign Currency Account bya Person Resident in India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA 1
May 21, 2003
International Credit Cards - Liberalisation of Facilities for Residents
A.P.(DIR Series) Circular No.103 (May 21, 2003)
A.P.(DIR Series) Circular No.103 (May 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mainta
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mainta
May 07, 2003
Rejection Risk Insurance - Remittance - Liberalisation
A.P. (DIR Series) Circular No.102 (May 7, 2003)
A.P. (DIR Series) Circular No.102 (May 7, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.102May 7, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Rejection Risk Insurance – Remittance - Liberalisation Attention of authorised dealers is invited to sub-regulation (2) of Regulation 4 of Notification No.FEMA.12/2000-RB dated May 3, 2000 in terms of which a person resident in India is required to obtain a ‘no objection’ certificate from Centr
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.102May 7, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Rejection Risk Insurance – Remittance - Liberalisation Attention of authorised dealers is invited to sub-regulation (2) of Regulation 4 of Notification No.FEMA.12/2000-RB dated May 3, 2000 in terms of which a person resident in India is required to obtain a ‘no objection’ certificate from Centr
May 05, 2003
Repatriation of sale proceeds of immovable property in India acquired by NRIs / PIOs
A.P.(DIR Series) Circular No.101 (May 5, 2003)
A.P.(DIR Series) Circular No.101 (May 5, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai 400 001A.P.(DIR Series) Circular No.101May 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Repatriation of sale proceeds ofimmovable property in India acquired by NRIs / PIOsAttention of authorised dealers is invited to clause (iii) of sub-regulation (b) of Regulation 6 of Notification No. FEMA 21/2000-RB dated 3rd May 2000 read with Notification No. FEMA 65/2002-RB dated 29th June 20
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai 400 001A.P.(DIR Series) Circular No.101May 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Repatriation of sale proceeds ofimmovable property in India acquired by NRIs / PIOsAttention of authorised dealers is invited to clause (iii) of sub-regulation (b) of Regulation 6 of Notification No. FEMA 21/2000-RB dated 3rd May 2000 read with Notification No. FEMA 65/2002-RB dated 29th June 20
May 02, 2003
Export of Goods and Services - Exports to Warehouses Abroad
A.P. (DIR Series) Circular No.100 (May 2, 2003)
A.P. (DIR Series) Circular No.100 (May 2, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.100May 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services-Exports to Warehouses Abroad Attention of authorised dealers is invited to note `B’ of paragraph C.6 of Annexure to A. P. (DIR Series) Circular No.12 dated September 9, 2000 in terms of which Reserve Bank on an application made to it may permit individual exporters to
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.100May 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services-Exports to Warehouses Abroad Attention of authorised dealers is invited to note `B’ of paragraph C.6 of Annexure to A. P. (DIR Series) Circular No.12 dated September 9, 2000 in terms of which Reserve Bank on an application made to it may permit individual exporters to
Apr 30, 2003
Non-Resident Deposits - Comprehensive Single Return
A.P.(DIR Series) Circular No.99 (April 30, 2003)
A.P.(DIR Series) Circular No.99 (April 30, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.99NRD-CSR Package Version 1.6Installation Guide for Version 1.6April 30, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Non-Resident Deposits - Comprehensive Single Return Authorised Dealers are aware that the National Statistical Commission has recommended introduction of a computerised Comprehensive Single Return (CSR) for collection of data on Non-Re
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.99NRD-CSR Package Version 1.6Installation Guide for Version 1.6April 30, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Non-Resident Deposits - Comprehensive Single Return Authorised Dealers are aware that the National Statistical Commission has recommended introduction of a computerised Comprehensive Single Return (CSR) for collection of data on Non-Re
Apr 29, 2003
Booking of Forward Contracts
A.P. (DIR Series) Circular No.98 (April 29, 2003)
A.P. (DIR Series) Circular No.98 (April 29, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.98April 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/SirsBooking of Forward ContractsAttention of Authorised Dealers is invited to A.P. (DIR Series) Circular No.92 dated April 4, 2003. It has been decided to enlarge the scope of forward contracts to cover the following transactions. 1. Inflows under Foreign Direct Investment Forward contracts are curr
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.98April 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/SirsBooking of Forward ContractsAttention of Authorised Dealers is invited to A.P. (DIR Series) Circular No.92 dated April 4, 2003. It has been decided to enlarge the scope of forward contracts to cover the following transactions. 1. Inflows under Foreign Direct Investment Forward contracts are curr
Apr 28, 2003
Capital Account Transactions - Liberalisation - Clarification
A.P. (DIR Series) Circular No.96 (April 28, 2003)
A.P. (DIR Series) Circular No.96 (April 28, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.96April 28, 2003To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Capital Account Transactions – Liberalisation - Clarification Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.66 dated January 13, 2003 advising certain liberalisation measures in respect of overseas direct investment by various categories of investors. The matt
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.96April 28, 2003To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Capital Account Transactions – Liberalisation - Clarification Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.66 dated January 13, 2003 advising certain liberalisation measures in respect of overseas direct investment by various categories of investors. The matt
Apr 26, 2003
Foreign Exchange Management Act, 1999 -
Providing housing loan in rupees to NRIs/PIOs
A.P. (DIR Series) Circular No.95 (April 26, 2003)
Providing housing loan in rupees to NRIs/PIOs
A.P. (DIR Series) Circular No.95 (April 26, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.95April 26, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 -Providing housing loan in rupees to NRIs/PIOsAttention of authorised dealers is invited to Regulation 8 of Notification No.FEMA 4/2000-RB dated May 3, 2000, in terms of which an authorised dealer or a housing finance institution in India approved by the Na
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.95April 26, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 -Providing housing loan in rupees to NRIs/PIOsAttention of authorised dealers is invited to Regulation 8 of Notification No.FEMA 4/2000-RB dated May 3, 2000, in terms of which an authorised dealer or a housing finance institution in India approved by the Na
Apr 05, 2003
Booking of Forward Contracts Based on Past Performance
A.P.(DIR Series) Circular No.93 (April 5, 2003)
A.P.(DIR Series) Circular No.93 (April 5, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OffficeMumbai - 400 001A.P.(DIR Series) Circular No.93 April 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Booking of Forward Contracts Based on Past Performance Attention of authorised dealers is invited to circular No.EC.CO.FMD/ 453/02.03.75/2001-02 dated December 1, 2001 and paragraph 3 of A.P.(DIR Series) Circular No.63 dated December 21, 2002 on the captioned subject. Authorised dealers are p
Reserve Bank of IndiaExchange Control DepartmentCentral OffficeMumbai - 400 001A.P.(DIR Series) Circular No.93 April 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Booking of Forward Contracts Based on Past Performance Attention of authorised dealers is invited to circular No.EC.CO.FMD/ 453/02.03.75/2001-02 dated December 1, 2001 and paragraph 3 of A.P.(DIR Series) Circular No.63 dated December 21, 2002 on the captioned subject. Authorised dealers are p
Apr 04, 2003
Risk Management and Inter-Bank Dealings
A.P. (DIR Series) Circular No.92 (April 4, 2003)
A.P. (DIR Series) Circular No.92 (April 4, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400001A.P. (DIR Series) Circular No.92April 4, 2003ToAll Authorised Dealers in Foreign ExchangeDear Madam/Sirs,Risk Management and Inter-Bank DealingsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.19 dated January 24, 2002 and various amendments issued on the captioned subject from time to time.2. Instructions pertaining to forward exchange cover, other derivative product
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400001A.P. (DIR Series) Circular No.92April 4, 2003ToAll Authorised Dealers in Foreign ExchangeDear Madam/Sirs,Risk Management and Inter-Bank DealingsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.19 dated January 24, 2002 and various amendments issued on the captioned subject from time to time.2. Instructions pertaining to forward exchange cover, other derivative product
Apr 01, 2003
Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)
A.P.(DIR Series) Circular No.91 (April 1, 2003)
A.P.(DIR Series) Circular No.91 (April 1, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.91 April 1, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.28 dated March 30, 2001 and subsequent circulars issued extending various facilities to units in Special Economic Zones. It has been de
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.91 April 1, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.28 dated March 30, 2001 and subsequent circulars issued extending various facilities to units in Special Economic Zones. It has been de
Apr 01, 2003
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.88/2003-RB April 1, 2003 Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2003 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.FEMA 19/RB-2000 dated May 3, 2
Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.88/2003-RB April 1, 2003 Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2003 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.FEMA 19/RB-2000 dated May 3, 2
Mar 29, 2003
Risk Management and Inter Bank Dealings
A.P. (DIR Series) Circular No.90 (March 29, 2003)
A.P. (DIR Series) Circular No.90 (March 29, 2003)
Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P. (DIR Series) Circular No.90 March 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Risk Management and Inter Bank DealingsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.63 dated December 21, 2002. 2. It is advised that the relaxations/facilities referred to therein will continue until further notice.3. The directions contained in this circular ha
Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P. (DIR Series) Circular No.90 March 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Risk Management and Inter Bank DealingsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.63 dated December 21, 2002. 2. It is advised that the relaxations/facilities referred to therein will continue until further notice.3. The directions contained in this circular ha
Mar 28, 2003
Deferred Payments Protocols dated 30th April 1981 and
23rd December 1985 between the Government of India and erstwhile USSR
A.P. (DIR Series) Circular No.89 (March 28, 2003)
23rd December 1985 between the Government of India and erstwhile USSR
A.P. (DIR Series) Circular No.89 (March 28, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.89 March 28, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Deferred Payments Protocols dated 30th April 1981 and23rd December 1985 between the Government of India and erstwhile USSRAttention of authorised dealers is invited to AP (DIR Series) Circular No.4 dated July 9, 2002 wherein the rupee value of the special currency basket effective from June
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.89 March 28, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Deferred Payments Protocols dated 30th April 1981 and23rd December 1985 between the Government of India and erstwhile USSRAttention of authorised dealers is invited to AP (DIR Series) Circular No.4 dated July 9, 2002 wherein the rupee value of the special currency basket effective from June
Mar 27, 2003
Guidelines for prepayment of Foreign Currency
Convertible Bond (FCCB) Issues by Indian companies
A.P.(DIR Series) Circular No.88 (March 27, 2003)
Convertible Bond (FCCB) Issues by Indian companies
A.P.(DIR Series) Circular No.88 (March 27, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiA.P.(DIR Series) Circular No.88 March 27, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Guidelines for prepayment of Foreign CurrencyConvertible Bond (FCCB) Issues by Indian companiesAttention of authorised dealers is invited to A.P.(DIR Series) Circular No.29 dated March 11, 2002 allowing an Indian company or a body corporate, created by an Act of Parliament, to issue FCCBs under the aut
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiA.P.(DIR Series) Circular No.88 March 27, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Guidelines for prepayment of Foreign CurrencyConvertible Bond (FCCB) Issues by Indian companiesAttention of authorised dealers is invited to A.P.(DIR Series) Circular No.29 dated March 11, 2002 allowing an Indian company or a body corporate, created by an Act of Parliament, to issue FCCBs under the aut
Mar 20, 2003
International Seminar/Conference/Convention etc.
in India - Temporary Foreign Currency Accounts
A.P.(DIR Series) Circular No.87 (March 20, 2003)
in India - Temporary Foreign Currency Accounts
A.P.(DIR Series) Circular No.87 (March 20, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiA.P.(DIR Series) Circular No.87March 20, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Seminar/Conference/Convention etc.in India - Temporary Foreign Currency AccountsAttention of authorised dealers is invited to Notification No.FEMA 10/2000-RB dated 3rd May 2000 viz. the Foreign Exchange Management (Foreign Currency Accounts by person resident in India) regulation 200
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiA.P.(DIR Series) Circular No.87March 20, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Seminar/Conference/Convention etc.in India - Temporary Foreign Currency AccountsAttention of authorised dealers is invited to Notification No.FEMA 10/2000-RB dated 3rd May 2000 viz. the Foreign Exchange Management (Foreign Currency Accounts by person resident in India) regulation 200
Mar 04, 2003
Indo-Cambodia Credit Agreement dated
November 6, 2002 for USD 10 Million
A.P.(DIR Series) Circular No.85 (March 4, 2003)
November 6, 2002 for USD 10 Million
A.P.(DIR Series) Circular No.85 (March 4, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.85March 4, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indo-Cambodia Credit Agreement dated November 6, 2002 for USD 10 Million The Government of India have extended a line of credit of USD 10 million (US Dollar Ten Million only) to the Royal Government of Cambodia under a credit agreement entered into, between the two Governments on November 6, 20
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.85March 4, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indo-Cambodia Credit Agreement dated November 6, 2002 for USD 10 Million The Government of India have extended a line of credit of USD 10 million (US Dollar Ten Million only) to the Royal Government of Cambodia under a credit agreement entered into, between the two Governments on November 6, 20
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