Recent reforms in visa procedures complement India’s economic growth and facilitate foreign investors to do business in India. For instance, the recent merger of Persons of Indian Origin (PIO) and Overseas Citizens of India (OCI) schemes has simplified the visa/ citizenship rules under a single set of guidelines. Additionally, most parts of the visa process …
Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No. FEMA 21(R)/2018-RB March 26, 2018 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018 In exercise of the powers conferred by clause (i) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the …
FEMA(Acquisition and Transfer of Immovable Property in India) Regulations, 2018 Read More »
(As on August 01, 2016) These FAQs attempt to put in place the common queries that users have on the subject in easy to understand language. However, for conducting a transaction, the Foreign Exchange Management Act, 1999 (FEMA) and the Regulations made or directions issued thereunder may be referred to. The relevant principal regulations are …
Foreign Currency Accounts by Resident Individuals Read More »
(Updated as on September 29, 2017) 1. Who are Authorised Money Changers? 2. The objective behind allowing Authorised Money Changers to do business? 3. What are the different types of AMCs? 4. Whether licence is mandatory for AMCs? 5. Who can apply for FFMC licence? 6. Where can one submit the application (fresh/renewal) for FFMC …
In India, all transactions that include foreign exchange are regulated by the Foreign Exchange Management Act (FEMA), 1999. It repealed the Foreign Exchange Regulations Act (FERA),1973. FEMA has been enacted to facilitate external trade and payments and to promote the orderly development and maintenance of foreign exchange market. It applies to all branches,offices and agencies outside India,owned or …
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