Liberalised Remittance Scheme for Resident Individuals - Reporting

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.... I (AD Category - I) banks is invited to para 6 of A. P. (DIR Series) Circular No.24 dated December 20, 2006, in terms of which AD Category - I banks are required to furnish information on the number of applications received and total amount remitted under the Liberalised Remittance Scheme (the Scheme), on a quarterly basis, in the prescribed format. 2. It has now been decided, with effect from....

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....shall remain unchanged. 4. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Salim Gangadharan)Chief General Manager-in-Charge   ANNEX [A. P. (DIR Series) Circular No. 36....