COMMENTS ON FEMA (FOREIGN EXCHANGE AND MANAGEMENT ACT

FEMA requires observation of its provisions in letter and spirit and if any contravention may land in penalties on the erring company and individuals. There are various conditions and stipulations in case of FDI , ODI , investment by individuals in foreign shares , purchase of assets in foreign countries , extending guarantees , availing ECBs , supplier's credit . In this column , I will discuss all intricacies and complications involving the interpretation of FEMA Act provisions in detail.

Wednesday, July 3, 2013

Format of Applications for condoning the delay for reporting FDI , ECB , ODI and LO, BO ,PO.

Dear Friends,

There are lot of queries for giving format of the application for condoning the delay to be made to RBI for FDI , ECB , ODI and LO ,BO and PO.

RBI has itself issued a circular .P. (DIR Series) Circular No.57 dated 13 December 2011 thereby giving formats of the condonation of delay for FDI , ECB , ODI and LO ,BO and PO.

Please click the following link to get the format :

http://rbi.org.in/scripts/NotificationUser.aspx?Id=6870&Mode=0

COMMENTS ON FEMA (FOREIGN EXCHANGE AND MANAGEMENT ACT

Wednesday, July 3, 2013

Format of Applications for condoning the delay for reporting FDI , ECB , ODI and LO, BO ,PO.

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