TaxTMI 
TaxTMI 
Rationalisation of Licensing Framework for Authorised Persons (APs) under Foreign Exchange Management Act (FEMA), 1999
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....ationalisation of Licensing Framework for Authorised Persons (APs) under Foreign Exchange Management Act (FEMA), 1999 <br>News and Press Release<br>Dated:- 27-12-2023<br><BR>The framework for licensin....
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....g of Authorised Persons (APs) under FEMA, 1999 was last reviewed in March 2006. Keeping in view the progressive liberalisation under FEMA, increasing integration of the Indian economy with the global ....
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....economy, digitisation of payment systems, evolving institutional structure, etc. over the last two decades, it has been decided to rationalise and simplify the licensing framework for APs. The review ....
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....aims to meet the emerging requirements of the rapidly growing Indian economy, achieve operational efficiency in the delivery of foreign exchange facilities to common persons, tourists, and businesses,....
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.... while maintaining appropriate checks and balances. As announced in the Statement on Developmental and Regulatory Policies dated June 08, 2023, the draft Licensing Framework for Authorised Persons (A....
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....Ps) under FEMA is placed on the RBI website. Comments/feedback on the draft framework are invited from all stakeholders and may be forwarded through email by January 31, 2024 with the subject line "F....
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....eedback on draft licensing framework for Authorised Persons under FEMA". (Yogesh Dayal) Chief General Manager<BR> News - Press release - PIB....