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of <h1>Central Bank Issues Master Circular Consolidating Resident Miscellaneous Remittances Rules under FEMA with One-Year Sunset</h1> A central bank-issued master circular consolidates existing instructions on miscellaneous remittances from residents under the Foreign Exchange Management Act and relevant government notification, providing facilities for residents and addressing authorised foreign-exchange intermediaries. The circular lists underlying circulars/notifications in an appendix, is addressed to all authorised persons in foreign exchange, and includes a one-year sunset clause-scheduled to be withdrawn and replaced by an updated master circular on the same subject on July 1, 2010.
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