A.P. (DIR Series) (2002-2003) Circular No. 104, Dated 31-5-2003
Attention of
authorised dealers is invited to our A.P. (DIR Series) Circulars listed below,
announcing certain liberalised facilities in Capital Account transactions for a
period upto June 30, 2003, subject to review.
|
Sr.
No. |
A.P.
(DIR Series) |
Date
|
Subject |
|
|
Circular No. |
|
|
|
1. |
66 |
13-1-2003 |
Overseas Investments - By Corporates, Individuals and Mutual Funds |
|
2. |
67 |
13-1-2003 |
Facilities to NRIs/PIOs and Foreign Nationals |
|
3. |
68 |
13-1-2003 |
Acquisition of foreign securities by Resident individuals under ESOP
Scheme |
|
4. |
69 |
13-1-2003 |
Retention of Proceeds of ADRs/GDRs abroad |
|
5. |
70 |
13-1-2003 |
External Commercial Borrowings - Parking of funds abroad |
|
6. |
71 |
13-1-2003 |
Acquisition of immovable property outside India - Branches/trading
offices overseas |
|
7. |
78 |
14-2-2003 |
EEFC Account Scheme - Extension of trade related loans/ advances to
overseas importers |
2. It has now been decided to extend these facilities beyond
June 30, 2003 till further notice.
3. Necessary amendments to the Foreign
Exchange Management Regulations, 2000 are being issued separately.
4. Authorised dealers may bring the
contents of this circular to the notice of their constituents concerned.
5. The directions contained in this
circular have been issued under section 10(4) and section 11(1) of the Foreign
Exchange Management Act, 1999 (42 of 1999).