CIR. NO. 97/2003-04-RB, DT. 21/06/2004
Foreign Exchange Management Act, 1999
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. A copy each of these Notifications is enclosed.
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 section 10(4) and section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).
Yours faithfully,
Grace Koshie
Chief General Manager
Annex
[A.P.(DIR Series) Circular No.97
dated June 21, 2004]
I. 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 dated 5.2.2004
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 |
Notification No.FEMA.45/2001-RB dated September 20, 2001
Notification No.FEMA.61/2002-RB dated May 02, 2002
Notification No.FEMA.98/2003-RB dated August 27, 2003
Notification No.FEMA.99/2003-RB dated August 27, 2003
Notification No.FEMA.107/2003-RB dated October 29, 2003
Notification No.FEMA.108/2004-RB Dated January 1, 2004
Notification No.FEMA.110/2004-RB dated February 5,2004
Notification No.FEMA.113/2004-RB Dated 6 March 2004
Presented by eximkey.com