Foreign Exchange Management Act, 1999 - FEMA - 009

Foreign Exchange Management Act, 1999 RBI/2004-05/154 A.P.(DIR Series) Circular No.9 September 1, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, 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.9 dated September 1, 2004] 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. 67/2.4.2004 Clarification regarding Automatic Route for Residual Activities under FDI. FEMA.No.111/2004-RB dated 6.3.2004 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2004 278 (E) 23.4.2004 2. 68/11.2.2004 Export of Goods and Services - Liberalisation. FEMA.No.114/2004-RB dated 13.3.2004 Foreign Exchange Management Export of Goods and Services) (Amendment) Regulations, 2004 279(E) 23.4.2004 3. 69/12.2.2004 FEMA 1999 - Grant of Rupee Loan to NRIs - Liberalisation. FEMA.No.115/2004-RB dated 25.3.2004 Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2004 351(E) 8.6.2004 4. 73/20.2.2004 Export of Goods by way of Gifts - Liberalisation. FEMA.No.116/2004-RB dated 25.3.2004 Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2004 352 (E) 8.6.2004