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RBI Notification on Risk Management and Inter Bank Dealings

RBI//2012-13/554 A.P. (DIR Series) Circular No.121 June 26, 2013 To All Authorised Dealer Category – I Banks Madam / Sir, Risk Management and Inter Bank Dealings Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to section C of the Annex to A.P.(DIR Series) Circular No. 32 dated December 28, 2010  [...]

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RBI includes Import of Services, Technical know-how and License Fees within the ECB Policy

RBI/2012-13/552 A.P. (DIR Series) Circular No.119 June 26, 2013 To All Authorised Dealer Category – I Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Import of Services, Technical know-how and License Fees Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) [...]

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RBI Notification on Project and Services Export

RBI/2012-13/548 A.P. (DIR Series) Circular No.118 June 26, 2013 To All Authorised Dealer Category – I Banks Madam / Sir, Export of Goods and Services – Project Exports Attention of Authorized Dealers is invited to Para B.7 (i) and C.5 (i) of Memorandum of Instructions on Project and Service Exports (PEM), enclosed to A.P.(DIR Series) Circular [...]

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External Commercial Borrowings (ECB) in Renminbi (RMB)

RBI/2012-13/546 A.P. (DIR Series) Circular No. 117 June 25, 2013 To, All Authorized Dealer Category – I Banks Madam / Sir External Commercial Borrowings (ECB) in Renminbi (RMB) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 30 dated September 27, 2011 on the captioned subject in terms of which [...]

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External Commercial Borrowings (ECB) for Civil Aviation Sector

RBI/2012-13/545 A.P. (DIR Series) Circular No. 116 June 25, 2013 To, All Authorized Dealer Category – I Banks Madam / Sir External Commercial Borrowings (ECB) for Civil Aviation Sector Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the A.P. (DIR Series) Circular No. 113 dated April 24, 2012 on the captioned subject. 2. In [...]

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Buyback / prepayment of Foreign Currency Convertible Bonds (FCCBs)

RBI/2012-13/544 A.P. (DIR Series) Circular No. 115 June 25, 2013 To, All Authorized Dealer Category – I Banks Madam / Sir Buyback / prepayment of Foreign Currency Convertible Bonds (FCCBs) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 39 dated December 08, 2008, A.P. (DIR Series) Circular No. 75 [...]

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External Commercial Borrowings (ECB) Policy for 3G spectrum allocation

RBI/2012-13/543 A.P. (DIR Series) Circular No. 114 June 25, 2013 To, All Authorized Dealer Category – I Banks Madam / Sir External Commercial Borrowings (ECB) Policy for 3G spectrum allocation Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 28 dated January 25, 2010 relating to External Commercial Borrowings (ECB) [...]

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External Commercial Borrowings (ECB) – Reporting arrangements

RBI/2013-14/495
A. P. (DIR Series) Circular No. 105

February 17, 2014

To
All Category-I Authorised Dealer Banks

Madam / Sir,

External Commercial Borrowings (ECB) – Reporting arrangements

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000, as amended from time to time and A.P. (DIR Series) Circular No.60 dated January 31, 2004 relating to reporting arrangements for ECB.

2. In order to capture details of the financial hedges contracted by corporates, of their foreign currency exposure relating to ECB and their foreign currency earnings and expenditure, the format of ECB-2 Return has been modified (Part-E) and the same has been given in the Annex. The reporting in the modified ECB-2 Return will be applicable from the return of the month April 2014 onwards.

3. There is no change in the reporting procedure and corporates raising ECB continue to submit ECB-2 Return on a monthly basis duly certified by the designated AD Category-I bank so as to reach Department of Statistics and Information Management (DSIM) of Reserve Bank of India within seven working days from the close of month to which it relates.

4. AD Category – I banks may bring the contents of this circular to the notice of their constituents and customers.

5. The directions contained in this circular has been issued under sections 10(4) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

Yours faithfully,

(Rudra Narayan Kar)

Chief General Manager-in-Charge

 

RBI Clarification on Facilities for Persons Resident outside India

RBI/2013-14/454 A.P. (DIR Series) Circular No.96 January 20, 2014 To All Category – I Authorised Dealer Banks Madam / Sir, Facilities for Persons Resident outside India – Clarification Attention of Authorized Dealers Category – I (AD Category- I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, [...]

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Conversion of External Commercial Borrowing and Lumpsum Fee/Royalty into Equity

RBI/2013-2014/449 A.P. (DIR Series) Circular No. 94 January 16, 2014 To All Category – I Authorised Dealer banks Madam/Sir, Conversion of External Commercial Borrowing and Lumpsum Fee/Royalty into Equity Attention of Authorised Dealer (AD) banks is invited to A.P. (DIR Series) Circular No. 15 dated October 1, 2004 on the captioned subject. 2. In terms of the [...]

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Clarification- Establishment of Liaison Office/ Branch Office/ Project Office in India by Foreign Entities- General Permission

RBI/2013-14/447 A.P. (DIR Series) Circular No.93 January 15, 2014 To All Authorised Dealer Category – I Banks Madam / Dear Sir Clarification- Establishment of Liaison Office/ Branch Office/ Project Office in India by Foreign Entities- General Permission Attention of Authorised Dealer Category –I (AD Category – I) banks is invited to Regulation 4 of Notification No.FEMA.22/2000-RB [...]

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RBI Clarifications on Provisions under section 6 (4) of Foreign Exchange Management Act, 1999

RBI/2013-14/440 A.P. (DIR Series) Circular No. 90 January 9, 2014 To, All Category- I Authorised Dealer Banks and Authorised Banks Madam / Sir, Provisions under section 6 (4) of Foreign Exchange Management Act, 1999 – Clarifications Attention of Authorized Dealers is invited to Section 6 (4) of FEMA, 1999 in terms of which a person [...]

The post RBI Clarifications on Provisions under section 6 (4) of Foreign Exchange Management Act, 1999 .

Overseas Direct Investments – Rollover of Guarantees

RBI/2013-14/427 A.P. (DIR Series) Circular No.83 January 3, 2014 To All Category – I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments – Rollover of Guarantees Attention of the Authorised Dealer (AD – Category I) banks is invited the provisions of Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any [...]

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Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds

RBI/2013-14/416 A.P. (DIR Series) Circular No.81 December 24, 2013 To All Authorised Dealer Category – I Banks Madam / Dear Sir Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds Attention of Authorized Dealer Category – I (AD Category – I) banks is invited [...]

The post Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds .

Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds

RBI/2013-14/416 A.P. (DIR Series) Circular No.81 December 24, 2013 To All Authorised Dealer Category – I Banks Madam / Dear Sir Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds Attention of Authorized Dealer Category – I (AD Category – I) banks is invited [...]

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RBI raises limit for Online Repatriation of Export proceeds by 3 times

RBI/2012-13/527 A.P. (DIR Series) Circular No. 109 June 11, 2013 To All Category – I Authorised Dealer Banks Madam / Sir, Processing and Settlement of Export related receipts facilitated by Online Payment Gateways – Enhancement of the value of transaction Attention of Authorised Dealer Category 1 (AD Category – 1) banks is invited to the A.P. [...]

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Foreign Direct Investment – Reporting of issue / transfer of Shares to/by a FVCI

RBI/2012-13/529 A.P. (DIR Series) Circular No.110 June 12, 2013 To All Category – I Authorised Dealer banks Madam / Sir, Foreign Direct Investment – Reporting of issue / transfer of Shares to/by a FVCI Attention of Authorised Dealers Category-I (AD Category – I) banks is invited to Regulations 9 and 10 and para 9 of [...]

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Trade Credit for imports into India- Online submission of data on issuance of Guarantee/Letter of Undertaking (LoU)/Letter of Comfort (LoC) by ADs

RBI/2013-14/374 A.P. (DIR Series) Circular No. 75 November 19, 2013 To All Category – I Authorised Dealer Banks Madam / Sir Trade Credit for imports into India- Online submission of data on issuance of Guarantee/Letter of Undertaking (LoU) /Letter of Comfort (LoC) by ADs Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. [...]

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Foreign investment in India – participation by SEBI registered FIIs, QFIs and SEBI registered long term investors in credit enhanced bonds

RBI/2013-14/368 A. P. (DIR Series) Circular No.74 November 11, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign investment in India – participation by SEBI registered FIIs, QFIs and SEBI registered long term investors in credit enhanced bonds Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the [...]

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