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ഒക്ടോ 27, 1999
A.D. (M.A. Series) Circular No.31 (October 23, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 23, 1999A.D. (M.A. Series) Circular No.31To All Authorised dealers in foreign exchangeDear Sirs,Amendments to Exchange Control Manual (ECM) and Memorandum LIM It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. SIR and MAP Statements In terms of paragraphs 5B.1(iii) and 5B.9(iii) of ECM, Head/Principal offices of authorised deal
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 23, 1999A.D. (M.A. Series) Circular No.31To All Authorised dealers in foreign exchangeDear Sirs,Amendments to Exchange Control Manual (ECM) and Memorandum LIM It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. SIR and MAP Statements In terms of paragraphs 5B.1(iii) and 5B.9(iii) of ECM, Head/Principal offices of authorised deal
ഒക്ടോ 25, 1999
Year 2000 (Y2K) Issues – Setting up of Event Management Centres (EMC) and Transition Arrangements
RESERVE BANK OF INDIADepartment of Banking Supervision, Y2K Project CellCentral Office, Centre 1, Cuffe Parade, Colaba, Mumbai,400005Fax: 022 2180157, 2160932 Telephone 2189131to 2189139Telex 011 86135 RBI INRef DBS. No. Y2K.BC/ 12 /35.01.00/99-2000October 18, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:Year 2000 (Y2K) Issues – Setting up of Event Management Centres (EMC) and Transition ArrangementsThe feedback received from commer
RESERVE BANK OF INDIADepartment of Banking Supervision, Y2K Project CellCentral Office, Centre 1, Cuffe Parade, Colaba, Mumbai,400005Fax: 022 2180157, 2160932 Telephone 2189131to 2189139Telex 011 86135 RBI INRef DBS. No. Y2K.BC/ 12 /35.01.00/99-2000October 18, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:Year 2000 (Y2K) Issues – Setting up of Event Management Centres (EMC) and Transition ArrangementsThe feedback received from commer
ഒക്ടോ 21, 1999
Risk Management Systems in Banks
IntroductionBanks in the process of financial intermediation are confronted with various kinds of financial and non-financial risks viz., credit, interest rate, foreign exchange rate, liquidity, equity price, commodity price, legal, regulatory, reputational, operational, etc. These risks are highly interdependent and events that affect one area of risk can have ramifications for a range of other risk categories. Thus, top management of banks should attach considerable
IntroductionBanks in the process of financial intermediation are confronted with various kinds of financial and non-financial risks viz., credit, interest rate, foreign exchange rate, liquidity, equity price, commodity price, legal, regulatory, reputational, operational, etc. These risks are highly interdependent and events that affect one area of risk can have ramifications for a range of other risk categories. Thus, top management of banks should attach considerable
ഒക്ടോ 20, 1999
A.D.(M.A. Series) Circular No.29 (October 12, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001. October 12, 1999 A.D.(M.A. Series) Circular No.29 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control Regulations as set out in the following paragraphs : 1. Issue of Rights/Bonus Shares to Non-Residents In terms of paragraph 10B.3 of Exchange Control Manual, Indian companies are requ
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001. October 12, 1999 A.D.(M.A. Series) Circular No.29 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control Regulations as set out in the following paragraphs : 1. Issue of Rights/Bonus Shares to Non-Residents In terms of paragraph 10B.3 of Exchange Control Manual, Indian companies are requ
ഒക്ടോ 20, 1999
A.D. (G.P. Series) Circular No.12 (September 29, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001September 29, 1999A.D. (G.P. Series) Circular No.12 To All Authorised Dealers in Foreign ExchangeDear Sirs,Clearance of Project Export Proposals In terms of paragraphs B.6(i)(A)(a) and B.7(i) of the Memorandum PEM, authorised dealers are required to forward copies of their pre-bid/post-award approvals in respect of project export proposals cleared by them to the members of the Working Group an
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001September 29, 1999A.D. (G.P. Series) Circular No.12 To All Authorised Dealers in Foreign ExchangeDear Sirs,Clearance of Project Export Proposals In terms of paragraphs B.6(i)(A)(a) and B.7(i) of the Memorandum PEM, authorised dealers are required to forward copies of their pre-bid/post-award approvals in respect of project export proposals cleared by them to the members of the Working Group an
ഒക്ടോ 20, 1999
A.D. (G.P. Series) Circular No.13 (October 9, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 9, 1999A.D. (G.P. Series) Circular No.13 ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods and services against repayment ofState Credits granted by erstwhile Soviet Union Attention of authorised dealers is drawn to Annexure I to A.D.(G.P. Series) Circular No.4 dated 19th May 1999, which contains the names of Nominated banks in India for handling matters relating to
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 9, 1999A.D. (G.P. Series) Circular No.13 ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods and services against repayment ofState Credits granted by erstwhile Soviet Union Attention of authorised dealers is drawn to Annexure I to A.D.(G.P. Series) Circular No.4 dated 19th May 1999, which contains the names of Nominated banks in India for handling matters relating to
ഒക്ടോ 07, 1999
Collateralised Lending Facility
REF : No.MPD.918/03.02.01/99-2000October 6 , 1999Ashwina 14, 1921(S)To : All Scheduled Commercial BanksDear Sirs,Collateralised Lending Facility Please refer to item No.(ii) of our letter No.MPD.2767/03.02.01/98-99 dated April 20, 1999. At present, Collateralised Lending Facility (CLF) and Additional Collateralised Lending Facility (ACLF) are provided to scheduled commercial banks for two blocks of two weeks each. At the end of four weeks period, there is a cooling pe
REF : No.MPD.918/03.02.01/99-2000October 6 , 1999Ashwina 14, 1921(S)To : All Scheduled Commercial BanksDear Sirs,Collateralised Lending Facility Please refer to item No.(ii) of our letter No.MPD.2767/03.02.01/98-99 dated April 20, 1999. At present, Collateralised Lending Facility (CLF) and Additional Collateralised Lending Facility (ACLF) are provided to scheduled commercial banks for two blocks of two weeks each. At the end of four weeks period, there is a cooling pe
ഒക്ടോ 05, 1999
Department of External Investments and Operations
Gold Deposit Scheme (GDS)
Introduction With a view to mobilising a portion of the privately held stock of gold in the country and putting it to productive use, the Finance Minister had announced the introduction of a Gold Deposit Scheme in the budget for 1999-2000. The Scheme seeks to provide depositors the opportunity to earn interest on their idle gold holdings along with the benefits of safety and security of holding gold without any cost.Enabling notifications issued by Government of India
Introduction With a view to mobilising a portion of the privately held stock of gold in the country and putting it to productive use, the Finance Minister had announced the introduction of a Gold Deposit Scheme in the budget for 1999-2000. The Scheme seeks to provide depositors the opportunity to earn interest on their idle gold holdings along with the benefits of safety and security of holding gold without any cost.Enabling notifications issued by Government of India
ഒക്ടോ 05, 1999
Gold Deposit Scheme - Notifications
IBS.BC. 95 /23.67.001/99-2000October 5, 1999NOTIFICATIONIn terms of powers conferred by sub-section (7) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India hereby exempts authorised scheduled commercial banks participating in the Gold Deposit Scheme from maintenance of average Cash Reserve Ratio (CRR) prescribed under Section 42 (1) of the Reserve Bank of India Act, 1934 on their liabilities under gold deposits mobilised in India.2.
IBS.BC. 95 /23.67.001/99-2000October 5, 1999NOTIFICATIONIn terms of powers conferred by sub-section (7) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India hereby exempts authorised scheduled commercial banks participating in the Gold Deposit Scheme from maintenance of average Cash Reserve Ratio (CRR) prescribed under Section 42 (1) of the Reserve Bank of India Act, 1934 on their liabilities under gold deposits mobilised in India.2.
സെപ്റ്റം 29, 1999
India's Balance of Payments
(Rs. Crore)(US $ mn.)April _ June 1999@@NBSP@@April _ June 1999@@NBSP@@ItemCreditDebitNetCreditDebitNet-I.Merchandise34937.652659.9-17722.3814812282-4134II.Invisibles [a+b+c]25575.818234.97340.9596442531711 a) Services [i..v]11564.212755.6-1191.426972975-278 i) Travel2877.52384.1493.4671556115ii) Transportation1546.62238.3-691.7361522-161iii) Insurance200.2114.186.1472720iv) G.n.i.e.661.930.3631.61547147v) Miscellaneous6278.07988.8-1710.814641863-399 b)Transfers [i+ii
(Rs. Crore)(US $ mn.)April _ June 1999@@NBSP@@April _ June 1999@@NBSP@@ItemCreditDebitNetCreditDebitNet-I.Merchandise34937.652659.9-17722.3814812282-4134II.Invisibles [a+b+c]25575.818234.97340.9596442531711 a) Services [i..v]11564.212755.6-1191.426972975-278 i) Travel2877.52384.1493.4671556115ii) Transportation1546.62238.3-691.7361522-161iii) Insurance200.2114.186.1472720iv) G.n.i.e.661.930.3631.61547147v) Miscellaneous6278.07988.8-1710.814641863-399 b)Transfers [i+ii
സെപ്റ്റം 18, 1999
Year 2000 (Y2K) Issues - Contingency Planning
Circular: Ref DBS.Y2K.BC/8/35.01.00/1999-2000 dated September 17, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:In terms of our Circular DBS.No.Y2K.BC/42/35.01.00/98-99 dated December 1, 1998 and DBS.No.Y2K.BC/47/35.01.00/98-99 dated February 27, 1999 banks and financial institutions were advised to attach high priority to the development, validation and implementation of Contingency Plans as an integral part of their Year 2000 progr
Circular: Ref DBS.Y2K.BC/8/35.01.00/1999-2000 dated September 17, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:In terms of our Circular DBS.No.Y2K.BC/42/35.01.00/98-99 dated December 1, 1998 and DBS.No.Y2K.BC/47/35.01.00/98-99 dated February 27, 1999 banks and financial institutions were advised to attach high priority to the development, validation and implementation of Contingency Plans as an integral part of their Year 2000 progr
സെപ്റ്റം 02, 1999
A.D.(M.A.Series) Circular No.27 (August 31, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400001 A.D.(M.A.Series) Circular No.27 August 31, 1999 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs. 1. Imports through courier - submission of documentary evidence of import In terms of paragraph 7A.23 of Exchange Control Manual (ECM), auth
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400001 A.D.(M.A.Series) Circular No.27 August 31, 1999 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs. 1. Imports through courier - submission of documentary evidence of import In terms of paragraph 7A.23 of Exchange Control Manual (ECM), auth
ഓഗ 31, 1999
A.D.(M.A. Series) Circular No.26 (August 30, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A. Series) Circular No.26 August 30, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Release of Exchange to Students for Studies AbroadWith a view to simplifying the procedure for release of exchange to students for studies abroad it has been decided to amend /modify the Exchange Control regulations as set out in following paragraphs.1. Sale of ExchangeIn terms of paragraph 8
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A. Series) Circular No.26 August 30, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Release of Exchange to Students for Studies AbroadWith a view to simplifying the procedure for release of exchange to students for studies abroad it has been decided to amend /modify the Exchange Control regulations as set out in following paragraphs.1. Sale of ExchangeIn terms of paragraph 8
ഓഗ 18, 1999
A.D. (G.P.Series) Circular No.4 (May 19, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001.May 19, 1999A.D. (G.P.Series) Circular No.4To, All Authorised Dealers in Foreign Exchange.Dear Sirs,Export of goods and services against repaymentof state credits granted by erstwhile Soviet Union Attention of authorised dealers is drawn to paragraph 2(i) to (iv) of AD(MA Series) circular No.30 dated 28th September 1993, wherein the procedure for exports to be settled against repayment of Sta
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001.May 19, 1999A.D. (G.P.Series) Circular No.4To, All Authorised Dealers in Foreign Exchange.Dear Sirs,Export of goods and services against repaymentof state credits granted by erstwhile Soviet Union Attention of authorised dealers is drawn to paragraph 2(i) to (iv) of AD(MA Series) circular No.30 dated 28th September 1993, wherein the procedure for exports to be settled against repayment of Sta
ഓഗ 18, 1999
A.D.(G.P. Series) Circular No.11 (August 7, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001August 7, 1999A.D.(G.P. Series) Circular No.11To All Authorised Dealers in Foreign Exchange@@NBSP@@Dear Sirs,Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Governments of Indiaand erstwhile USSR@@NBSP@@ Attention of authorised dealers is invited to A.D.(G.P. Series) Circular No.7 dated 19th June 1999 wherein the rupee value of the special currency basket e
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001August 7, 1999A.D.(G.P. Series) Circular No.11To All Authorised Dealers in Foreign Exchange@@NBSP@@Dear Sirs,Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Governments of Indiaand erstwhile USSR@@NBSP@@ Attention of authorised dealers is invited to A.D.(G.P. Series) Circular No.7 dated 19th June 1999 wherein the rupee value of the special currency basket e
ഓഗ 04, 1999
A.D.(G.P.Series) Circular No.8 (June 19, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001@@NBSP@@June 19, 1999A.D.(G.P.Series) Circular No.8To All Authorised Dealers in Foreign ExchangeDear Sirs,Electronic Data Inter-change (EDI) System for clearance of imported cargo through Customs office In terms of paragraph 7A.20 of Exchange Control Manual, it is obligatory on the part of importers, to submit to the authorised dealer, through whom the relative remittance was made, Exchange Co
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001@@NBSP@@June 19, 1999A.D.(G.P.Series) Circular No.8To All Authorised Dealers in Foreign ExchangeDear Sirs,Electronic Data Inter-change (EDI) System for clearance of imported cargo through Customs office In terms of paragraph 7A.20 of Exchange Control Manual, it is obligatory on the part of importers, to submit to the authorised dealer, through whom the relative remittance was made, Exchange Co
ഓഗ 04, 1999
A.D.(G.P. Series) Circular No.10 (July 28, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001July 28, 1999A.D.(G.P. Series) Circular No.10To All Authorised Dealers in Foreign ExchangeDear Sirs,Indo-Lao Credit Agreement dated 20.01.1999for US $ 2 Million The Government of India have extended a line of credit of an amount of US $ 2 million (U.S.Dollars Two Million only) to the Government of the Lao People’s Democratic Republic under a credit agreement entered into between the two Governm
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001July 28, 1999A.D.(G.P. Series) Circular No.10To All Authorised Dealers in Foreign ExchangeDear Sirs,Indo-Lao Credit Agreement dated 20.01.1999for US $ 2 Million The Government of India have extended a line of credit of an amount of US $ 2 million (U.S.Dollars Two Million only) to the Government of the Lao People’s Democratic Republic under a credit agreement entered into between the two Governm
ഓഗ 04, 1999
A.D. (M.A. Series) Circular No.25 (July 31, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI- 400 001July 31, 1999A.D.(M.A.Series) Circular No.25To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to modify/amend exchange control regulations as set out in following paragraphs:1. Advance Remittance for Import In terms of paragraph 7A.10(e) of ECM where advance remittance has been made, physical import of goods into India shoul
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI- 400 001July 31, 1999A.D.(M.A.Series) Circular No.25To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to modify/amend exchange control regulations as set out in following paragraphs:1. Advance Remittance for Import In terms of paragraph 7A.10(e) of ECM where advance remittance has been made, physical import of goods into India shoul
ജൂലൈ 28, 1999
A.D.(G.P.Series) Circular No.9 (July 24, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001July 24, 1999A.D.(G.P.Series) Circular No.9To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods to the Russian Federationon consignment basis against repayment ofState Credits Attention of authorised dealers is drawn to A.D.(G.P.Series) Circular No.5 dated 31st May 1999 regarding export of goods to the Russian Federation on consignment basis against repayment of State Credits.
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001July 24, 1999A.D.(G.P.Series) Circular No.9To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods to the Russian Federationon consignment basis against repayment ofState Credits Attention of authorised dealers is drawn to A.D.(G.P.Series) Circular No.5 dated 31st May 1999 regarding export of goods to the Russian Federation on consignment basis against repayment of State Credits.
ജൂലൈ 28, 1999
A.D. (M.A. Series) Circular No.24 (July 23, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001July 23, 1999A.D. (M.A. Series) Circular No.24To All Authorised Dealers in Foreign ExchangeDear Sirs,Indian Direct Investment in JointVentures/Wholly Owned Subsidiaries Abroad Attention of authorised dealers is drawn to Part A of Chapter 9 of the Exchange Control Manual, as amended vide A.D.(M.A. Series) Circular No.47 dated December 4, 1998.2. Government of India, Ministry of Commerce vide it
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001July 23, 1999A.D. (M.A. Series) Circular No.24To All Authorised Dealers in Foreign ExchangeDear Sirs,Indian Direct Investment in JointVentures/Wholly Owned Subsidiaries Abroad Attention of authorised dealers is drawn to Part A of Chapter 9 of the Exchange Control Manual, as amended vide A.D.(M.A. Series) Circular No.47 dated December 4, 1998.2. Government of India, Ministry of Commerce vide it
ജൂലൈ 19, 1999
Interest Rate Surcharge on Import Finance
July 19, 1999IECD.No.1 /08.14.01/99-2000The Chairman and Managing Director/Chief Executives of all commercial banksDear Sir,Interest Rate Surcharge on Import FinancePlease refer to our circular IECD No. 25/08.14.01/97-98 dated December 17, 1997 regarding the levy of Interest Rate Surcharge on Import Finance. In terms of the instructions contained therein, the following categories of bank credit for imports are exempt from the levy of Interest Rate Surcharge.Export Pac
July 19, 1999IECD.No.1 /08.14.01/99-2000The Chairman and Managing Director/Chief Executives of all commercial banksDear Sir,Interest Rate Surcharge on Import FinancePlease refer to our circular IECD No. 25/08.14.01/97-98 dated December 17, 1997 regarding the levy of Interest Rate Surcharge on Import Finance. In terms of the instructions contained therein, the following categories of bank credit for imports are exempt from the levy of Interest Rate Surcharge.Export Pac
ജൂലൈ 07, 1999
Forward Rate Agreements/ Interest Rate Swaps
Ref.No.MPD.BC.187/07.01.279/1999-2000 July 7, 1999 Aashadha 16, 1921(S) To All Scheduled Commercial Banks/ Primary Dealers/ All India Financial Institutions Dear Sirs, Forward Rate Agreements/ Interest Rate Swaps In the Governor’s Statement on ‘Mid-Term Review of Monetary and Credit Policy for 1998-99’ announced on October 30, 1998, it was indicated that with a view to further deepening the money market as also to enable banks, primary dealers and all-India financial
Ref.No.MPD.BC.187/07.01.279/1999-2000 July 7, 1999 Aashadha 16, 1921(S) To All Scheduled Commercial Banks/ Primary Dealers/ All India Financial Institutions Dear Sirs, Forward Rate Agreements/ Interest Rate Swaps In the Governor’s Statement on ‘Mid-Term Review of Monetary and Credit Policy for 1998-99’ announced on October 30, 1998, it was indicated that with a view to further deepening the money market as also to enable banks, primary dealers and all-India financial
ജൂലൈ 02, 1999
A.D. (M.A. Series) Circular No.22 (June 28, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001June 28, 1999AD (MA Series) Circular No.22AM (FL Series) Circular No.3ToAll Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money ChangersDear Sirs,Amendments to Memorandum FLMIt has been decided to amend the Memorandum FLM as stated in the following paragraph:1. Statement of purchases from and sale to public of foreign currency notes during the month (FLM 8) In order to get
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001June 28, 1999AD (MA Series) Circular No.22AM (FL Series) Circular No.3ToAll Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money ChangersDear Sirs,Amendments to Memorandum FLMIt has been decided to amend the Memorandum FLM as stated in the following paragraph:1. Statement of purchases from and sale to public of foreign currency notes during the month (FLM 8) In order to get
ജൂലൈ 02, 1999
A.D. (M.A. Series) Circular No.23 (June 29, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 29, 1999A.D. (M.A. Series) Circular No.23ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the exchange control regulations as under:1. Remittance of surplus passage/freight collection by foreign airline companies In terms of paragraph 8B.1 of Exchange Control Manual, while scrutinising SPM 1 statements fr
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 29, 1999A.D. (M.A. Series) Circular No.23ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the exchange control regulations as under:1. Remittance of surplus passage/freight collection by foreign airline companies In terms of paragraph 8B.1 of Exchange Control Manual, while scrutinising SPM 1 statements fr
ജൂൺ 25, 1999
Gold Loan against Bank Guarantee/Letter of Credit issued by other banks
RESERVE BANK OF INDIA CENTRAL OFFICE DEPARTMENT OF BANKING OPERATIONS & DEVELOPMENT CENTRE ·1. WORLD TRADE CENTRE. CUFFE PARADE COLABA MUMBAI- 400 005 Ref. : DBOD No.........IBS .3161 /23.67.001.98-99 June 25, 1999 All the banks authorised to import Gold / Silver / Platinum Dear Sir, Gold Loan against Bank Guarantee/Letterof Credit issued by other banks In terms of our circular No.DBOD.IBS.1519/23.67.001/98-99 dated 31st December 1998, authorized banks have been p
RESERVE BANK OF INDIA CENTRAL OFFICE DEPARTMENT OF BANKING OPERATIONS & DEVELOPMENT CENTRE ·1. WORLD TRADE CENTRE. CUFFE PARADE COLABA MUMBAI- 400 005 Ref. : DBOD No.........IBS .3161 /23.67.001.98-99 June 25, 1999 All the banks authorised to import Gold / Silver / Platinum Dear Sir, Gold Loan against Bank Guarantee/Letterof Credit issued by other banks In terms of our circular No.DBOD.IBS.1519/23.67.001/98-99 dated 31st December 1998, authorized banks have been p
ജൂൺ 24, 1999
Year 2000 (Y2K) Problem – Standards of
Compliance and Testing (Indian Commercial Banks)
Ref DBS. No. Y2K .BC.24/ 35.01.00/98-99August 7, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir,Please refer to the circular DBS.CO.ITC.BC.No 4 /31.26.00/97-98 dated September 22, 1997 apprising you of the critical operating risks associated with the year 2000 (Y2K) problem. Banks were advised to put in place appropriate time bound strategies to assess, convert and validate all systems and applications so as to achieve fully compliant systems wel
Ref DBS. No. Y2K .BC.24/ 35.01.00/98-99August 7, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir,Please refer to the circular DBS.CO.ITC.BC.No 4 /31.26.00/97-98 dated September 22, 1997 apprising you of the critical operating risks associated with the year 2000 (Y2K) problem. Banks were advised to put in place appropriate time bound strategies to assess, convert and validate all systems and applications so as to achieve fully compliant systems wel
ജൂൺ 24, 1999
Year 2000 (Y2K) Problem – Standards of
Compliance and Testing (Primary / Satellite Dealers)
Ref DBS. No. Y2K .BC./35 / 35.01.00/98-99November 5, 1998The Managing Director/ Chief Executive OfficerAll Primary / Satellite DealersDear Sir,Please refer to DO letter IDMC.DO.No./ /10.04.08/97-98 dated March 26, 1998 apprising you of the critical operating risks associated with the year 2000 (Y2K) problem. You were advised to put in place appropriate time bound strategies to assess, convert and validate all systems and applications so as to achieve fully compliant s
Ref DBS. No. Y2K .BC./35 / 35.01.00/98-99November 5, 1998The Managing Director/ Chief Executive OfficerAll Primary / Satellite DealersDear Sir,Please refer to DO letter IDMC.DO.No./ /10.04.08/97-98 dated March 26, 1998 apprising you of the critical operating risks associated with the year 2000 (Y2K) problem. You were advised to put in place appropriate time bound strategies to assess, convert and validate all systems and applications so as to achieve fully compliant s
ജൂൺ 24, 1999
Appendices
Appendix AThe Year 2000 Challenge in more detailOrigin and Impact1. Since the earliest days of electronic computers, programmers have used two digits to represent the year in date fields (YYMMDD). While many newer applications are Year 2000 complaint, many older applications upon which compliant application is Year 2000 compliant without appropriate analysis and testing poses substantial risks.2. Further complexities to the issued are introduced by others consideratio
Appendix AThe Year 2000 Challenge in more detailOrigin and Impact1. Since the earliest days of electronic computers, programmers have used two digits to represent the year in date fields (YYMMDD). While many newer applications are Year 2000 complaint, many older applications upon which compliant application is Year 2000 compliant without appropriate analysis and testing poses substantial risks.2. Further complexities to the issued are introduced by others consideratio
ജൂൺ 24, 1999
Year 2000 (Y2K) Problem – Reporting Requirements
(Indian Commercial Banks)
Ref DBS. No. Y2K.BC/30/ 35.01.00/ 98-99 September 14, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir:Please refer to our circular DBS.No.Y2K.BC.24/35.01.00/98-99 dated August 7, 1998 apprising you of the critical operating risks associated with the Year 2000 (Y2K) problem and advising minimum mandatory measures to be put in place for addressing business continuity risk across the millennium. Banks were required to keep their Board of Directors su
Ref DBS. No. Y2K.BC/30/ 35.01.00/ 98-99 September 14, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir:Please refer to our circular DBS.No.Y2K.BC.24/35.01.00/98-99 dated August 7, 1998 apprising you of the critical operating risks associated with the Year 2000 (Y2K) problem and advising minimum mandatory measures to be put in place for addressing business continuity risk across the millennium. Banks were required to keep their Board of Directors su
ജൂൺ 24, 1999
Year 2000 (Y2K) Problem – Reporting Requirements
(Foreign Banks)
Ref DBS. No. Y2K.BC 29/ 35.01.00/ 98-99September 14, 1998The Chief Executive OfficerAll Foreign BanksDear Sir:Please refer to our circular DBS.No.Y2K.BC.23/35.01.00/98-99 dated August 7, 1998 apprising you of the critical operating risks associated with the Year 2000 (Y2K) problem and advising minimum mandatory measures to be put in place for addressing business continuity risk across the millennium. Banks were required to keep their Board of Directors suitably appris
Ref DBS. No. Y2K.BC 29/ 35.01.00/ 98-99September 14, 1998The Chief Executive OfficerAll Foreign BanksDear Sir:Please refer to our circular DBS.No.Y2K.BC.23/35.01.00/98-99 dated August 7, 1998 apprising you of the critical operating risks associated with the Year 2000 (Y2K) problem and advising minimum mandatory measures to be put in place for addressing business continuity risk across the millennium. Banks were required to keep their Board of Directors suitably appris
ജൂൺ 24, 1999
Year 2000 (Y2K) Problem – Remediation framework and Compliance Deadlines (Indian Commercial Banks)
Ref DBS. No. Y2K .BC/38 /35.01.00/98-99November 11, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir,Please refer to our circulars DBS.No.Y2K.BC/24/35.01.00/98-99 dated August 7, 1998 and DBS.No.Y2K.BC/30/35.01.00/98-99 dated September 14, 1998 outlining a broad remediation framework that may be adopted by banks for managing their Year 2000 process while stipulating expected standards of compliance and testing. Banks were expected to complete all t
Ref DBS. No. Y2K .BC/38 /35.01.00/98-99November 11, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir,Please refer to our circulars DBS.No.Y2K.BC/24/35.01.00/98-99 dated August 7, 1998 and DBS.No.Y2K.BC/30/35.01.00/98-99 dated September 14, 1998 outlining a broad remediation framework that may be adopted by banks for managing their Year 2000 process while stipulating expected standards of compliance and testing. Banks were expected to complete all t
ജൂൺ 24, 1999
Year 2000 (Y2K) Problem – Remediation framework and Compliance Deadlines (Foreign Banks)
Ref DBS. No. Y2K .BC/37 /35.01.00/98-99November 11, 1998The Chief Executive OfficerAll Foreign BanksDear Sir,Please refer to our circulars DBS.No.Y2K.BC/23/35.01.00/98-99 dated August 7, 1998 and DBS.No.Y2K.BC/29/35.01.00/98-99 dated September 14, 1998 outlining a broad remediation framework that may be adopted by banks for managing their Year 2000 process while stipulating expected standards of compliance and testing. Banks were expected to complete all the primary m
Ref DBS. No. Y2K .BC/37 /35.01.00/98-99November 11, 1998The Chief Executive OfficerAll Foreign BanksDear Sir,Please refer to our circulars DBS.No.Y2K.BC/23/35.01.00/98-99 dated August 7, 1998 and DBS.No.Y2K.BC/29/35.01.00/98-99 dated September 14, 1998 outlining a broad remediation framework that may be adopted by banks for managing their Year 2000 process while stipulating expected standards of compliance and testing. Banks were expected to complete all the primary m
ജൂൺ 24, 1999
Year 2000 (Y2K) Issues – Supervisory Enforcement
Ref DBS. No. Y2K.BC/44 /35.01.00/98-99January 15, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:As you are aware, the Reserve Bank of India attaches a great deal of importance to the Year 2000 preparations of institutions and markets in the financial sector. In terms of the broad remediation framework communicated by us, banks were expected to put in place appropriate time bound strategies to assess, convert, validate and implement f
Ref DBS. No. Y2K.BC/44 /35.01.00/98-99January 15, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:As you are aware, the Reserve Bank of India attaches a great deal of importance to the Year 2000 preparations of institutions and markets in the financial sector. In terms of the broad remediation framework communicated by us, banks were expected to put in place appropriate time bound strategies to assess, convert, validate and implement f
ജൂൺ 24, 1999
Year 2000 (Y2K) Issues – Contingency Planning
Ref DBS. No. Y2K .BC/47 /35.01.00/98-99February 27, 1999Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear SirPlease refer to our circular Ref.DBS. No.Y2K.BC. /42/35.01.00/98-99 dated December 1, 1998 advising banks and financial institutions of the need to develop contingency plans, apart from normal business continuity and disaster recovery plans, to assure business continuity as an integral part of their Year 2000 programme. The Board of Directors
Ref DBS. No. Y2K .BC/47 /35.01.00/98-99February 27, 1999Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear SirPlease refer to our circular Ref.DBS. No.Y2K.BC. /42/35.01.00/98-99 dated December 1, 1998 advising banks and financial institutions of the need to develop contingency plans, apart from normal business continuity and disaster recovery plans, to assure business continuity as an integral part of their Year 2000 programme. The Board of Directors
ജൂൺ 24, 1999
Year 2000 (Y2K) Issues – Information Sharing and Disclosure (Commercial Banks)
Ref DBS. No. Y2K.BC/ 50 /35.01.00/98-99May 21, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:As you are aware, the Year 2000 problem poses a major challenge to banks and financial institutions as they make the transition to the new millennium. The complexity of the issues involved and the uncertainty associated with the behaviour of even remediated systems makes the task of ensuring Y2K readiness daunting.The interconnectedness of fi
Ref DBS. No. Y2K.BC/ 50 /35.01.00/98-99May 21, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:As you are aware, the Year 2000 problem poses a major challenge to banks and financial institutions as they make the transition to the new millennium. The complexity of the issues involved and the uncertainty associated with the behaviour of even remediated systems makes the task of ensuring Y2K readiness daunting.The interconnectedness of fi
ജൂൺ 24, 1999
Year 2000 (Y2K) Issues – Information Sharing and Disclosure (Financial Institutions/ Non-Banking Subsidiaries of Commercial Banks/Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealersin Government Securities)
Ref DBS. No. Y2K.BC/ 51 /35.01.00/98-99May 21, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Financial Institutions/ Non-Banking Subsidiaries of Commercial Banks/Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealersin Government SecuritiesDear Sir:As you are aware, the Year 2000 problem poses a major challenge to banks and financial institutions as they make the transition to the new millennium. The complexity of the issues involved and the uncertain
Ref DBS. No. Y2K.BC/ 51 /35.01.00/98-99May 21, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Financial Institutions/ Non-Banking Subsidiaries of Commercial Banks/Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealersin Government SecuritiesDear Sir:As you are aware, the Year 2000 problem poses a major challenge to banks and financial institutions as they make the transition to the new millennium. The complexity of the issues involved and the uncertain
ജൂൺ 24, 1999
Year 2000 (Y2K) Issues – Statutory Audit for the Year 1998 -99
Ref DBS. No. Y2K.BC/ 52 /35.01.00/98-99May 25, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial Banks/ Non-Banking Subsidiaries of Commercial Banks/Financial Institutions/ Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealers in Government SecuritiesDear Sir:The Institute of Chartered Accountants of India (ICAI) have circulated a 'Guidance Note on the Auditor's Duties in relation to the Year 2000 (Y2K) Issue' for the use and guidance of their
Ref DBS. No. Y2K.BC/ 52 /35.01.00/98-99May 25, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial Banks/ Non-Banking Subsidiaries of Commercial Banks/Financial Institutions/ Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealers in Government SecuritiesDear Sir:The Institute of Chartered Accountants of India (ICAI) have circulated a 'Guidance Note on the Auditor's Duties in relation to the Year 2000 (Y2K) Issue' for the use and guidance of their
ജൂൺ 22, 1999
A.D.(M.A. Series) Circular No.21 (June 18, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001June 18, 1999A.D.(M.A. Series) Circular No.21To All Authorised Dealers in Foreign ExchangeDear Sirs,Simplification of procedures applicable to Non-residents of Indian Nationality(NRIs)/Persons of Indian Origin (PIOs)/Overseas Corporate Bodies (OCBs) Reserve Bank had introduced certain modifications to the provisions of Exchange Control Manual (ECM) through issue of A.D.(M.A. Series) Circular No
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001June 18, 1999A.D.(M.A. Series) Circular No.21To All Authorised Dealers in Foreign ExchangeDear Sirs,Simplification of procedures applicable to Non-residents of Indian Nationality(NRIs)/Persons of Indian Origin (PIOs)/Overseas Corporate Bodies (OCBs) Reserve Bank had introduced certain modifications to the provisions of Exchange Control Manual (ECM) through issue of A.D.(M.A. Series) Circular No
ജൂൺ 21, 1999
A.D.(G.P. Series) Circular No.6 (June 5, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 5, 1999A.D.(G.P. Series) Circular No.6To All Authorised Dealers in Foreign ExchangeDear Sirs,International Credit Cards (ICCs) Please refer to A.D.(M.A. Series) Circular No.51 dated 31st December 1998 on the above subject. It is observed that some authorised dealers/card issuing organisations have been insisting on submission of post trip declaration by the holder of International Credit
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 5, 1999A.D.(G.P. Series) Circular No.6To All Authorised Dealers in Foreign ExchangeDear Sirs,International Credit Cards (ICCs) Please refer to A.D.(M.A. Series) Circular No.51 dated 31st December 1998 on the above subject. It is observed that some authorised dealers/card issuing organisations have been insisting on submission of post trip declaration by the holder of International Credit
ജൂൺ 21, 1999
A.D.(G.P. Series) Circular No.7 (June 9, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 9, 1999A.D.(G.P. Series) Circular No.7To All Authorised Dealers in Foreign ExchangeDear Sirs,Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Governments of Indiaand erstwhile USSR Attention of authorised dealers is invited to A.D.(G.P. Series) Circular No.23 dated 10th October 1998 wherein the rupee value of the special currency basket effective from 5
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 9, 1999A.D.(G.P. Series) Circular No.7To All Authorised Dealers in Foreign ExchangeDear Sirs,Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Governments of Indiaand erstwhile USSR Attention of authorised dealers is invited to A.D.(G.P. Series) Circular No.23 dated 10th October 1998 wherein the rupee value of the special currency basket effective from 5
ജൂൺ 07, 1999
A.D.(M.A.Series) Circular No.20 (June 3, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A.Series) Circular No.20June 3, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Approval for foreign direct investmentupto 100% under the Automatic Route of Reserve Bank       Attention of authorised dealers is drawn to paragraph 10B.2(i)(d) of the Exchange Control Manual (ECM), regarding foreign investment upto 100% in certain industries/sectors
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A.Series) Circular No.20June 3, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Approval for foreign direct investmentupto 100% under the Automatic Route of Reserve Bank       Attention of authorised dealers is drawn to paragraph 10B.2(i)(d) of the Exchange Control Manual (ECM), regarding foreign investment upto 100% in certain industries/sectors
ജൂൺ 03, 1999
A.D. (M.A. Series) Circular No.19 dated June 2, 1999
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A. Series) Circular No.19June 2 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend the exchange control regulations as under:1.@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@Scrutiny of Export Declaration Forms Please refer to paragraph 6C.3(i) of Exchange Control Manual (ECM), in terms of which when duplicate cop
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A. Series) Circular No.19June 2 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend the exchange control regulations as under:1.@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@Scrutiny of Export Declaration Forms Please refer to paragraph 6C.3(i) of Exchange Control Manual (ECM), in terms of which when duplicate cop
ജൂൺ 03, 1999
A.D.(G.P.Series) Circular No.5 dated May 31, 1999
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(G.P.Series) Circular No.5 May 31, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods to the Russian Federation on consignmentbasis against repayment of State Credits Attention of authorised dealers is drawn to A.D.(G.P. Series) Circular No.4 dated 19th May 1999 regarding revised procedure for exports to the Russian Federation against repayment of State Credits.2. I
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(G.P.Series) Circular No.5 May 31, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods to the Russian Federation on consignmentbasis against repayment of State Credits Attention of authorised dealers is drawn to A.D.(G.P. Series) Circular No.4 dated 19th May 1999 regarding revised procedure for exports to the Russian Federation against repayment of State Credits.2. I
മേയ് 20, 1999
A.D.(M.A. Series) Circular No. 16 (May 15, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400001 May 15, 1999 A.D.(M.A. Series) Circular No. 16 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to the Exchange Control Manual (ECM) It has been decided to amend/modify the existing exchange control regulations as stated in the following paragraphs: Statements in form MAP and SIR 1.      In terms of paragraph 5B.1(iii) and 5B.9(iii) of ECM, the He
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400001 May 15, 1999 A.D.(M.A. Series) Circular No. 16 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to the Exchange Control Manual (ECM) It has been decided to amend/modify the existing exchange control regulations as stated in the following paragraphs: Statements in form MAP and SIR 1.      In terms of paragraph 5B.1(iii) and 5B.9(iii) of ECM, the He
മേയ് 20, 1999
A.D. (M.A. Series ) Circular No.17 (May 19, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400001 May 19, 1999 AD (MA Series ) Circular No.17 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as set out in the following paragraphs: 1. Agency Commission on Exports In terms of paragraph 6E.2(i)(a) of the Exchange Control Manual (ECM) authorised dealers have been permitted to
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400001 May 19, 1999 AD (MA Series ) Circular No.17 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as set out in the following paragraphs: 1. Agency Commission on Exports In terms of paragraph 6E.2(i)(a) of the Exchange Control Manual (ECM) authorised dealers have been permitted to
മേയ് 20, 1999
A.D.(M.A.Series) Circular No.18 (May 19, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 May 19, 1999 A.D.(M.A.Series) Circular No.18 To All Authorised Dealers in Foreign Exchange Dear Sirs, General permission for acquiring underlying shares after conversion of GDRs/ADRs by Non-Residents and entering addresses of the non-resident holders of such released shares in the books of the Company/Depository @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 May 19, 1999 A.D.(M.A.Series) Circular No.18 To All Authorised Dealers in Foreign Exchange Dear Sirs, General permission for acquiring underlying shares after conversion of GDRs/ADRs by Non-Residents and entering addresses of the non-resident holders of such released shares in the books of the Company/Depository @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP
മേയ് 17, 1999
A.D.(G.P. Series) Circular No.3 (May 12, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(G.P. Series) Circular No.3May 12, 1999ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Indo-Vietnam Credit Agreement dated 2.2.1999for Indian Rs.470 millionThe Government of India have extended a line of credit upto an amount of Indian Rs.470 million (Rupees Four hundred and Seventy million only) to the Government of the Socialist Republic of Vietnam under a credit agreement entered
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(G.P. Series) Circular No.3May 12, 1999ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Indo-Vietnam Credit Agreement dated 2.2.1999for Indian Rs.470 millionThe Government of India have extended a line of credit upto an amount of Indian Rs.470 million (Rupees Four hundred and Seventy million only) to the Government of the Socialist Republic of Vietnam under a credit agreement entered
മേയ് 17, 1999
A.D.(M.A. Series) Circular No.14 (May 12, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.D.(M.A. Series) Circular No.14 May 12, 1999 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs: 1.      Import by post Attention of authorised dealers is drawn to paragraph 7A.22 of Exchange Control Manual (ECM)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.D.(M.A. Series) Circular No.14 May 12, 1999 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs: 1.      Import by post Attention of authorised dealers is drawn to paragraph 7A.22 of Exchange Control Manual (ECM)
മേയ് 17, 1999
A.D. (M.A. Series) Circular No.15 and
A.M. (F.L. Series) Circular No.2 (May 12, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 May12 , 1999 A.D. (M.A. Series) Circular No.15 A.M. (F.L. Series) Circular No.2 To All Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money-Changers Dear Sirs, Amendments to Memorandum FLM It has been decided to amend the Memorandum FLM as indicated in the following paragraphs: 1.      Sale of foreign exchange against Basic Travel Quota (BTQ) In
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 May12 , 1999 A.D. (M.A. Series) Circular No.15 A.M. (F.L. Series) Circular No.2 To All Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money-Changers Dear Sirs, Amendments to Memorandum FLM It has been decided to amend the Memorandum FLM as indicated in the following paragraphs: 1.      Sale of foreign exchange against Basic Travel Quota (BTQ) In
മേയ് 11, 1999
A.D.(M.A. Series) Circular No.13 (May 10, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001May 10, 1999A.D. (M.A. Series ) Circular No.13 To All Authorised Dealers in Foreign ExchangeDear Sirs,Hedging of Commodity Price Exposure on International Commodity Exchanges Attention of authorised dealers is invited to paragraph 3C.11 and Annexure II to Chapter 3 of Exchange Control Manual (ECM) containing guidelines for accessing International Commodity Exchanges for hedging commodity price
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001May 10, 1999A.D. (M.A. Series ) Circular No.13 To All Authorised Dealers in Foreign ExchangeDear Sirs,Hedging of Commodity Price Exposure on International Commodity Exchanges Attention of authorised dealers is invited to paragraph 3C.11 and Annexure II to Chapter 3 of Exchange Control Manual (ECM) containing guidelines for accessing International Commodity Exchanges for hedging commodity price

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