Foreign Exchange Management Act, 1999

 

A.P. (DIR Series) Circular No. 97, dated 21-6-2004

 

Foreign Exchange Management Act, 1999

1.         Attention of Authorised Dealers is invited to the list of A.P. (DIR Series) circulars Annexed.

2.         It was mentioned in these circulars that necessary amendments to the Foreign Exchange Management Regulations, 2000 were being issued separately. The relevant amendments have since been issued by Reserve Bank and notified by the Government, in the Official Gazette, as indicated in the Annex.

3.         Authorised Dealers may bring the contents of this circular to the notice of their constituents and customers concerned.

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).

Annex

Reserve Bank Notifications - Amendment to Foreign Exchange Management Regulations, 2000 issued under the Foreign Exchange Management Act, 1999

Sr.No.

A.P.DIR (Series) Circular

FEMA Notification

 

No. and date

Subject

No./date/subject

G.S.R. No.

1

2

3

4

5

1.

38/3-12-2003

Foreign Investment in India - Recent liberal­isation measures relating to Foreign Direct Investment - Summary of Regulations/Provisions covering Foreign Investment in India.

FEMA. No. 45/2001-RB dated 20-9-2001

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2001

574 (E)

19-8-2002

2.

47/17-5-2002

Foreign Exchange Management Act,  1999 - Insur­ance

FEMA. No. 61/2002-RB dated 2-5-2002

Foreign Exchange Management (Issuance) (Amendment) Regulations, 2002

477(E)

8-7-2002

3.

91/1-4-2003

Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)

FEMA. No. 98/2003-RB dated 27-8-2003

Foreign Exchange Management (Manner of Receipt and Payment (Amendment) Regulations, 2003

772 (E)

29-9-2003

4.

91/1-4-2003

Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)

FEMA. No. 99/2003-RB dated 27-8-2003

Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2003

773 (E)

29-9-2003

5.

21/16-9-2002

Disposal of Duplicate Copies of Export Decla­ration Forms

FEMA. No. 107/2003-RB dated 29-10-2003

Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003

900(E)

22-11-2003

6.

53/17-12-2003

Purchase/sale of share and/or Convertible Debentures by SEBI registered Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS)

FEMA. No. 108/2003-RB dated 22-12-2003

Foreign Exchange Management (Transfer or Issue of Security by a Person resident outside India) (Fifth Amendment) Regulations, 2003

12(E)

 7-1-2004

7.

64/4-2-2004

Liberalised Remittance Scheme of USD 25,000 for Resident Individuals

FEMA. No. 110/2004-RB dated5-2-2004

Foreign Exchange Management (Permissible Capital Account Transac­tion) (Amendment) Regulations, 2004

207 (E)

23-3-2004

8.

78/14-2-2003

Exchange Earners’ Foreign Currency (EEFC) Account Scheme

FEMA. No. 113/2004-RB dated 6-3-2004

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2004

209(E)

23-3-2004