Notifications

RBI/2011-12/488 A. P. (DIR Series) Circular No. 104 April 04, 2012 To All Authorised Persons in Foreign Exchange Madam/Sir, Authorised Dealer Category II – Permission for additional activity and opening of Nostro account Attention of all the Authorised Persons in foreign exchange is invited to Para 3 and Para 5 of Annex I to the A. P. (DIR Series) Circular No. 25 [A.P. (FL/RL Series) Circular No. 02] dated March 6, 2006. 2. At present, only Authorised Dealer Category

RBI/2011-12/485DNBS (PD).CC. No 268/03.10.42 /2011-12 April 04, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1988 (2011) Sanctions List Please refer to DNBS(PD).CC. No 262/03.10.42 /2011-12 dated March 20, 2012. The Chairman of UN Security Council's@@NBSP@@ 1988 Committee has issued a note dated February 14, 2012 (copy enclosed) regarding changes made in the “1988

RBI/2011-12/487 DNBS(PD).CC. No.270 /03.10.42 /2011-12 April 04 , 2012 @@NBSP@@ All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to DNBS(PD).CC.No.257/03.10.42/ 2011-12 dated March 14, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. @@NBSP@@Financial Action Task Force (FATF) has updated its Statement o

RBI/2011-12/486 DNBS(PD).CC. No.269 /03.10.42 /2011-12 April 04 , 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR 1267 (1999) /1989( 2011) Committee's Al Qaida Sanctions List Please refer to DNBS (PD).CC. No 267 /03.10.42 /2011-12 dated March 26, 2011. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes dated February 23, 2012, March 6, 2012,

RBI/2011-12/484 A. P. (DIR Series) Circular No.103 April 03, 2012 To All Category – I Authorised Dealer Banks Madam / Sir, Data on import of Gold – Statements – Modification Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Para 4(v) of A.P. (DIR Series) Circular No.2 dated July 9, 2004, in terms of whichAD Category – I banks are required to submit to FED, CO, RBI a monthly statement regarding the number of transactions and value in USD

RBI/2011-12/481 A. P. (DIR Series) Circular No.101 April 02, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments – Liberalisation / Rationalisation Attention of the Authorised Dealer (AD - Category I) banks are invited to the Notification No. FEMA 10/2000-RB dated May 3, 2000 [Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000] (the Notification), as amended from time to time. 2.

RBI/2011-12/482 A. P. (DIR Series) Circular No.102 April 02, 2012 To All Authorised Persons in Foreign Exchange Madam/ Sir, Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India Attention of all Authorised Persons, who are authorised to issue foreign currency pre-paid cards to resident Indians visiting outside India, is invited to Para B(5) of the A. P. (DIR Series) Circular No. 46 dated June 14,

RBI/2011-12/480 DBOD.DIR.No.91/04.02.001/2011-12 March 30, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Interest Rates on Export Credit in Foreign Currency Please refer to our circular DBOD.DIR.No.52/04.02.001/2011-12 dated November 15, 2011 relating to export credit in foreign currency. 2. It has been decided that the prescriptions regarding ceiling rates on export credit in foreign currency and overseas line of credit as mentioned in the circ

RBI/2011-12/477 A. P. (DIR Series) Circular No. 98 March 30, 2012 To, All Category – I Authorised Dealer Banks Madam / Sir, Discontinuation of Supplying Printed GR forms by Reserve Bank Attention of Authorised Dealer Category – I banks is invited to A.P. (DIR Series) Circular No. 60 dated March 26, 2009, in terms of which GR forms were made available on-line on the Reserve Bank’s website www.rbi.org.in. The facility of purchasing printed GR forms from the Regional Off

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No. FEMA.227/2012-RB. March 30, 2012 Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2010 In exercise of the powers conferred by clause (j) of sub-section (3) of Section 6, and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Managem