Reserve Bank of India
Exchange Control Department
Central Office
Mumbai - 400 001 A.P.(DIR Series) Circular No.104 May 31, 2003 To
All Authorised Dealers in Foreign Exchange Madam/Sir, Foreign Exchange Management Act, 1999 - Liberalisation Attention of authorised dealers is invited to our A.P.(DIR Series) Circulars listed below, announcing certain liberalised facilities in Capital Account transactions for a period upto June 30, 2003, subject to review. 2. It has now been decided to extend these facilities beyond June 30, 2003 till further notice. 3. Necessary amendments to the Foreign Exchange Management Regulations, 2000 are being issued separately. 4. Authorised dealers may bring the contents of this circular to the notice of their constituents concerned. 5. 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 |