Regulatory Alerts2026-06-24
Added · Updated
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
The Reserve Bank of India withdraws circulars issued under the Foreign Exchange Management Act, 1999, since June 01, 2000, that have ceased to be operative due to regulatory amendments, redundancy, overlap, or supersession by newer directives. This action applies to all Authorised Persons, who are directed to notify their constituents of the withdrawal. The directions are issued under Section 10(4) and Section 11(1) of the FEMA, 1999, and remain without prejudice to permissions required under any other law.
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