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of <h1>Online Submission of Form A2 Now Available for AD Category-II Entities, Following FEMA 1999 and KYC Guidelines.</h1> Attention is drawn to Authorised Dealer (AD) Category-I banks and AD Category-II entities regarding the online submission of Form A2. Previously allowed for AD banks with internet banking, this facility is now extended to AD Category-II entities, who must establish guidelines approved by their Boards within existing legal frameworks. The terms from the 2016 circular and relevant provisions of FEMA 1999 and KYC regulations must be adhered to for all transactions. ADs are instructed to inform their clients of these changes. These directions are issued under the Foreign Exchange Management Act, 1999.
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