https://www.taxtmi.com/circulars?id=7738 The Maldives Monetary Authority has been admitted to the Asian Clearing Union and will commence ACU operations from January 1, 2010; standard ACU provisions apply unless exempted. Authorised Dealer Category I banks must channel transactions per the Memorandum of Procedure for Channelling Transactions through Asian Clearing Union (Memorandum ACM) and the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000, as amended. Consequential amendments to FEMA regulations and the Memorandum ACM are being issued separately, and the circular is issued under the authority of the Foreign Exchange Management Act. en-us Fri, 30 Oct 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7738 The Maldives Monetary Authority has been admitted to the Asian Clearing Union and will commence ACU operations from January 1, 2010; standard ACU provisions apply unless exempted. Authorised Dealer Category I banks must channel transactions per the Memorandum of Procedure for Channelling Transactions through Asian Clearing Union (Memorandum ACM) and the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000, as amended. Consequential amendments to FEMA regulations and the Memorandum ACM are being issued separately, and the circular is issued under the authority of the Foreign Exchange Management Act. Circulars FEMA Fri, 30 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7738