CIR. NO. 09/2004-05-RB, DT. 01/09/2004
Foreign Exchange Management Act, 1999
Attention of Authorised Dealers is invited to the list of A.P.(DIR Series) circulars annexed.
2. It was mentioned in these circulars that necessary amendments to the Foreign Exchange Management Regulations, 2000 were being issued separately. The relevant amendments have since been issued by Reserve Bank and notified by the Government, in the Official Gazette, as indicated in the Annex. A copy each of these Notifications is enclosed.
3. Authorised dealers may bring the contents of this circular to the notice of their constituents and customers concerned.
4. The directions contained in this circular have been issued under section 10(4) and section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).
Yours faithfully,
Grace Koshie
Chief General Manager
Annex
[A.P.(DIR Series) Circular No.9 dated September 1, 2004]
Reserve Bank Notifications-Amendment to Foreign Exchange Management
Regulations, 2000 issued under the Foreign Exchange Management Act, 1999
| Sr.No. | A.P. DIR (Series) Circular | FEMA Notification |
| No. and date | Subject | No./date/subject | G.S.R. No. |
| 1. | 2. | 3. | 4. | 5. |
| 1. | 67/2.4.2004 | Clarification regarding Automatic Route for Residual Activities under FDI. | FEMA.No.111/2004-RB dated 6.3.2004
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2004 | 278 (E) 23.4.2004 |
| 2. | 68/11.2.2004 | Export of Goods and Services-Liberalisation. | FEMA.No.114/2004-RB dated 13.3.2004
Foreign Exchange Management Export of Goods and Services) (Amendment) Regulations, 2004 | 279(E) 23.4.2004 |
| 3. | 69/12.2.2004 | FEMA 1999-Grant of Rupee Loan to NRIs-Liberalisation. | FEMA.No.115/2004-RB dated 25.3.2004
Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2004 | 351(E) 8.6.2004 |
| 4. | 73/20.2.2004 | Export of Goods by way of Gifts-Liberalisation. | FEMA.No.116/2004-RB dated 25.3.2004
Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2004 | 352 (E) 8.6.2004 |
Notification No.FEMA.111/2004-RB, Dt. March 6, 2004
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)
(Amendment) Regulations, 2004
In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA 20/2000-RB dated 3rd May 2000 read with Notification No.FEMA 94/2003-RB dated 18th June 2003, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, as amended from time to time, namely:-
1. Short Title & Commencement :-
(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(Amendment) Regulations, 2004.
(ii) They shall come into force from the date of their publication in the Official Gazette.
2. Amendment of the Regulations :-
In the Foreign Exchange Management (Transfer or Issue of Security by a person Resident outside India) Regulations, 2000,
In Schedule 1, under Annexure B, after item 20, the following item shall be inserted, namely :
"21. Any other Sector/Activity-100 % " (if not included in Annexure A)
Shyamala Gopinath
Executive Director
Foot Note : The Principal Regulations were published in the Official Gazette vide G.S.R.No.406(E) dated May 3, 2000 in Part II, Section 3,Sub-section (i) and subsequently amended vide :
a. G.S.R.No.175(E) dated December 26, 2000
b. G.S.R.No.182(E) dated February 16, 2001
c. G.S.R.No.158(E) dated March 2, 2001
d. G.S.R.No.574(E) dated September 20, 2001
e. G.S.R.No.4(E) dated November 29, 2001
f. G.S.R.No.223(E) dated November 12, 2002
g. G.S.R.No.225(E) dated January 17, 2003
h. G.S.R.No.558(E) dated June 18, 2003
i. G.S.R.No.835(E) dated October 3, 2003 and
j. G.S.R.No.899(E) dated October 27, 2003
Notification No.FEMA.114/2004-RB dated 13 March , 2004
Notification No.FEMA.115/2004-RB dated March 25, 2004
Notification No.FEMA.116/2004-RB dated March 25, 2004
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