Master Direction – Reporting under Foreign Exchange Management Act, 1999 updated on November 20, 2018

Nov 30, 2018 | by Avantis RegTech Legal Research Team


The Reserve Bank of India (RBI), on November 20, 2018 has updated the Master Direction – Reporting under Foreign Exchange Management Act, 1999. The updated Master Directions have been uploaded in the RBI’s website.

The RBI has prescribed various reports and forms under Foreign Exchange Management Act, 1999 (FEMA) to be submitted by/ through Authorised Persons/ Authorised Dealer Category – I Banks/ Authorised Banks. Accurate compilations and timely submission of these reports are of critical importance as they not only act as a supervisory tool but also help in fine-tuning the policies relating to foreign exchange transactions regulated under FEMA. The various reports/ forms required to be submitted under FEMA are consolidated under this Master Direction.

[RBI/FED/2015-16/13 FED Master Direction No.18/2015-16]

 

URL: https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10202


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