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Foreign exchange regulation amendments notified; authorised dealers must inform constituents and provide enclosed FEMA notifications. Amendments to the Foreign Exchange Management Regulations, 2000 have been notified and are annexed; the circular enumerates A.P.(DIR Series) circulars with corresponding FEMA notifications amending rules on foreign investment, transfer/issuance of securities by non residents, export of goods and services, disposal of duplicate export declaration forms, portfolio investment by registered FIIs, permissible capital account transactions, and foreign currency accounts, and instructs Authorised Dealers to notify their constituents and customers. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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Foreign exchange regulation amendments notified; authorised dealers must inform constituents and provide enclosed FEMA notifications.
Amendments to the Foreign Exchange Management Regulations, 2000 have been notified and are annexed; the circular enumerates A.P.(DIR Series) circulars with corresponding FEMA notifications amending rules on foreign investment, transfer/issuance of securities by non residents, export of goods and services, disposal of duplicate export declaration forms, portfolio investment by registered FIIs, permissible capital account transactions, and foreign currency accounts, and instructs Authorised Dealers to notify their constituents and customers. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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