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of <h1>Revised A-2 Form for Foreign Exchange Transactions: Updated Purpose Codes Under FEMA Sections 10(4) & 11(1.</h1> The circular addresses all authorized dealers in foreign exchange, notifying them of the revised A-2 Form under the Foreign Exchange Management Act, 1999. This revision follows updates to the purpose codes for foreign exchange transactions, as outlined in a previous circular dated February 29, 2012. The revised purpose codes are now appended to Form A-2 for applicants remitting funds abroad. These instructions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, and are intended to streamline the process for authorized dealers.
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