RBI FEMA FAQ

Give me FEMA Notification of Reserve Bank of India?

The Foreign Exchange Management Act has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA). The main objective behind the Foreign Exchange Management Act is to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments.

FFMC List:
Bangalore
Bhopal
Bhubaneswar
Chandigarh
Chennai
Guwahati
Hyderabad
Jaipur
Jammu
Kanpur
Kochi
Kolkata
Mumbai
New Delhi
Panaji
Patna
Ahmedabad

FEMA Notification:

“In exercise of the powers conferred by Clause (i) of sub section 6 and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Manner of Receipt & Payment) Regulations, 2000 (hereinafter referred to as ‘the Principal Regulations’) namely :-

1. Short title and commencement:-


These Regulations may be called the Foreign Exchange Management (Manner of Receipt and Payment) (Second Amendment) Regulations, 2013


They shall come into force from the date of publication in the Official Gazette.

2. Amendment of the Regulations:

In Regulation 3, after sub regulation (2), the following shall be inserted namely,

"(3) Any other mode of receipt of export proceeds for an export from India in accordance with the directions issued by the Reserve Bank of India to authorised dealers from time to time."

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Will you please give here FAQ’s related to Foreign Exchange Management Act (FEMA) of Reserve Bank of India (RBI)?

As you want I am here giving you FAQ’s related to Foreign Exchange Management Act (FEMA) of Reserve Bank of India (RBI).

Liberalised Remittance Scheme

Compounding of Contraventions under FEMA, 1999
Hedging of Price Risk in Commodities

Forex Facilities for Residents

Account Opened by Foreign Nationals and Foreign Tourists

Exchange Earner's Foreign Currency (EEFC) Account

Scheme for Authorized Dealers Category I (AD) banks, Authorized Dealers Category-II and Full

Fledged Money Changers Appointing

Agents/Franchisees for Undertaking Restricted Money Changing

Direct Investment by Residents in Joint Venture
(JV)/Wholly Owned Subsidiaries (WOS) abroad

Acquisition and Transfer of Immovable Property in India by a person resident outside India

Asian Clearing Union

Features of various deposit schemes available to Non-Resident Indians (NRIs)

Facilities available to NRIs

Foreign Investments in India

Liaison / Branch / Project Offices of foreign entities in India

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