RESERVE BANK OF INDIA
EXCHANGE CONTROL DEPARTMENT
CENTRAL OFFICE
MUMBAI-400 001


June 28, 1999
AD (MA Series) Circular No.22
AM (FL Series) Circular No.3

To,

All Authorised Dealers in Foreign Exchange
All Authorised Full-fledged Money Changers

Dear Sirs,
Amendments to Memorandum FLM

It has been decided to amend the Memorandum FLM as stated in the following paragraph:

1. Statement of purchases from and sale to public of foreign currency notes during the month (FLM 8)

In order to get a comprehensive picture of foreign currency transactions handled by full fledged money changers for the purpose of compilation of Balance of Payments it has been decided to amend the statement FLM 8, incorporating certain details of purchases and sales of foreign currency notes undertaken by full-fledged money changers. Accordingly, full-fledged money changers may submit the statements FLM 8 for the month of July 1999 and onwards in the revised form.

2. Consequently, the existing statement FLM 8 in Memorandum FLM may be replaced by the enclosed Slip.

3. The directions contained in this circular have been issued under Section 73(3) of Foreign Exchange Regulation Act, 1973 (46 of 1973) and any contravention or non-observance thereof is subject to the penalties prescribed under the Act.

Yours faithfully,

B. MAHESHWARAN
Chief General Manager