Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)

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Full Text of the Document

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.... ongoing initiative to rationalise the regulatory framework under the Foreign Exchange Management Act, 1999 (FEMA), a comprehensive review of circulars issued since June 01, 2000, is underway. 2. In furtherance of the aforementioned initiative, seven circulars as listed at Annex, that have ceased to be operative owing to subsequent regulatory amendments, redundancy, overlap or supersession by n....