Daily Archives: January 5, 2016

RBI Master Direction on Compounding of Contraventions under FEMA 1999

By | January 5, 2016

RBI/FED/2015-16/1 FED Master Direction No.4/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction- Compounding of Contraventions under FEMA, 1999 The provisions of section 15 of Foreign Exchange Management Act, 1999 (42 of 1999) hereinafter referred to as FEMA, 1999, permit compounding of contraventions and,… Read More »

RBI Master Direction on Borrowing and Lending transactions

By | January 5, 2016

Source Reserve Bank of India RBI/FED/2015-16/2 FED Master Direction No. 6/2015-16 January 1, 2016 To All Authorised Dealer Category – I banks and Authorised Banks Madam/ Dear Sir, Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian Origin Borrowing and lending transactions in… Read More »

RBI Master Direction on Liberalised Remittance Scheme

By | January 5, 2016

Source : Reserve Bank of India RBI/FED/2015-16/3 FED Master Direction No. 7/2015-16 January 1, 2016 To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction – Liberalised Remittance Scheme (LRS) The captioned Scheme was introduced on February 4, 2004, vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004 read with GoI… Read More »

RBI Master Direction on Remittance Facilities for residents

By | January 5, 2016

Source Reserve Bank of India RBI/FED/2015-16/4 FED Master Direction No. 8/2015-16 January 1, 2016 To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction – Other Remittance Facilities Miscellaneous remittance facilities for residents are allowed in terms of Section 5 of the Foreign Exchange Management Act, 1999, read with Government of India Notification… Read More »

RBI Master Direction on Issuance of insurance

By | January 5, 2016

RBI/FED/2015-16/5 FED Master Direction No. 9/2015-16 January 1, 2016 To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction – Insurance Issuance of insurance is regulated under sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999, (42 of 1999), read with Notification No.FEMA.12/2000-RB, dated May 3, 2000. These Regulations are… Read More »

RBI Direction on Establishment of Branch Offices in India by foreign entities

By | January 5, 2016

Source Reserve Bank of India RBI/FED/2015-16/6 FED Master Direction No.10/2015-16 January 1, 2016 To, All Category – I Authorised Dealer banks and Authorised Banks Madam / Dear Sir, Master Direction – Establishment of Liaison/ Branch/ Project Offices in India by foreign entities Establishment of Branch/ Liaison/ Project Offices in India is regulated in terms of… Read More »

RBI Directions on Acquisition and Transfer of Immovable Property under FEMA Act

By | January 5, 2016

Source Reserve Bank of india RBI/FED/2015-16/7 FED Master Direction No. 12/2015-16 January 1, 2016 To, All Category – I Authorised Dealer banks and Authorised Banks Madam/ Sir Master Direction – Acquisition and Transfer of Immovable Property under Foreign Exchange Management Act, 1999 Acquisition and transfer of immovable property by Indian residents outside India and Non-residents… Read More »

RBI Master Direction on maintaining foreign currency accounts by a person resident in India

By | January 5, 2016

RBI/FED/2015-16/9 FED Master Direction No. 14/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction – Deposits and Accounts Opening, holding and maintaining foreign currency accounts by a person resident in India is regulated in terms of section 9 of the Foreign Exchange Management Act,… Read More »

RBI Master Direction on direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad

By | January 5, 2016

RBI/FED/2015-16/10 FED Master Direction No. 15/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad… Read More »