Foreign Exchange Management Act, 1999 –Returns and Statements

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hange Dear Sirs, Foreign Exchange Management Act, 1999 - Returns and Statements Attention of authorised dealers is invited to paragraph 3 of A.D.(M.A. Series) Circular No.11 dated May 16, 2000, advising them to be guided by the provisions of the Exchange Control Manual (1993 edition) regarding matters listed in Annexure V of the circular, pending issue of further instructions. Accordingly....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... it represents transfer of capital, savings, gift, profit, dividend etc. should be ascertained and reported in the supplementary statement. The payment should not be delayed for want of this information which may be obtained separately and furnished to the Reserve Bank later. 4. With a view to ensuring that credits to customers' accounts for non-trade related inward remittances are given prompt....