Master Circular for 2012

Master Circular for 2012

Master Circulars are a one-point reference of instructions issued by the Reserve Bank of India on a particular subject between July-June. These are issued on July 1 (or the next working day in case July 1 is a holiday) every year and automatically expire on June 30 next year.
The Master Circulars appear under 10 categories. The link to the various categories is as set forth below. There are 15 Master Circulars under the category ‘Foreign Exchange’, the links of which are as below.

1. Banking Regulation
2. Co-operative Banking
3. Currency
4. Financial Institutions
5. Financial Markets
6. Foreign Exchange

6.1 Master Circular on Foreign Investment in India
6.2 Master Circular on Export of Goods and Services
6.3 Master Circular on External Commercial Borrowings and Trade Credits
6.4 Master Circular on Direct Investment by Residents in Joint Venture (JV)/ Wholly Owned
Subsidiary (WOS) Abroad
6.5 Master Circular on Memorandum of Instructions governing money changing activities
6.6 Master Circular on Miscellaneous Remittances from India – Facilities for Residents
6.7 Master Circular on Risk Management and Inter-Bank Dealings
6.8 Master Circular on Import of Goods and Services
6.9 Master Circular on Compounding of Contraventions under FEMA, 1999
6.10 Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals
6.11 Master Circular on Establishment of Liaison / Branch / Project Offices in India by Foreign Entities
6.12 Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin
6.13 Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses
6.14 Master Circular on Non-Resident Ordinary Rupee (NRO) Account
6.15 Master Circular on Money Transfer Service Scheme
7. Government Business
8. Non-banking Supervision
9. Primary Dealers
10. Special Programmes

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