1.0 Present Position: 1.1 Paragraph 6.2.17.7 of ‘Consolidated FDI Policy Circular 2014’, effective from April 17, 2014, relating to insurance sector, presently reads as below: Share on: whatsapp
Category: Fema
Citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China etc cannot acquire or transfer immovable property in India Without RBI Permission
NOTIFICATION NO. 335/2015-RB Mumbai, the 4th February, 2015 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2015 G.S.R. 120(E).-In exercise of the powers conferred by clause (i) of sub-section (3) of Section 6, and sub-section (2)…
swap transactions can now be rebooked/ reentered after cancellation
RBI/2014–15/469 A.P. (DIR Series) Circular No. 78 February 13, 2015 Risk Management and Inter Bank Dealings: Foreign Currency (FCY) — INR Swaps Attention of Authorised Dealers Category‑I (AD Category‑I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000…
Form A‑1 is not required for making Payments exceeding 5000 USD in case of Imports
RBI/2014–15/467 A. P. (DIR Series) Circular No.76 February 12, 2015 Foreign Exchange Management Act, 1999 — Import of Goods into India Attention of Authorised Dealer Category — I (AD Category — I) banks is invited to the A.P.(DIR Series) Circular No. 82…
Shipment of goods to be made within the stipulated period from the date of receipt of advance payment for exports
Delay in Utilization of Advance Received for Exports — Circular — Dated 9–2‑2015 — FEMA RBI/2014–15/461 A. P. (DIR Series) Circular No. 74 February 09, 2015 To All Category‑I Authorised Dealer Banks Madam / Sir, Delay in Utilization of Advance Received for Exports Attention of…
100% FDI is Permitted in Pharmacutical Sector
RBI/2014–15/441 A.P.(DIR Series) Circular No. 70 February 02, 2015 To All Category‑I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment in Pharmaceuticals sector — Clarification Attention of Authorised Dealers Category — I (AD Category — I) banks is invited to A.P. (DIR Series)…
Acquisition/Transfer of Immovable property under FEMA are subject to the applicable tax laws in India
RBI has issued RBI/2014–15/307 A.P. (DIR Series) Circular No. 38 on November 20, 2014 regarding Acquisition/Transfer of Immovable property under FEMA and clarified that Acquisition/Transfer of Immovable property under FEMA are subject to the applicable tax laws in India. Attention of…