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
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.
Showing posts with label LO. Show all posts
Showing posts with label LO. Show all posts
Wednesday, July 3, 2013
Sunday, June 30, 2013
VARIOUS MASTER CIRCULARS ISSUED BY RBI ON 1st JULY 2013
VARIOUS MASTER CIRCULARS ISSUED BY RBI ON 1st JULY 2013
Dear Friends,
RBI , today , has updated its various master circulars and the same is given under for your reference:
11.
Master Circular on Miscellaneous
Remittances from India – Facilities for Residents
2.
Master Circular on Foreign Investment in
India- (FDI)
3.
Master Circular on Import of Goods and
Services
4. Master Circular on Exports of Goods and Services
5.Master Circular on External Commercial
Borrowings and Trade Credits
6. Master Circular on Direct Investment
by Residents in Joint Venture (JV) /Wholly Owned Subsidiary (WOS) Abroad
7. Master Circular on Compounding of
Contraventions under FEMA, 1999
8. Master Circular on Establishment of
Liaison / Branch / Project Offices in India by Foreign Entities
9. Master Circular on Remittance
Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign
Nationals
10. Master Circular on Acquisition and
Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of
Non-Indian Origin
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