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Review of Circulars under FEMA, 1999
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Reserve Bank of Indiabankingcorporate

Review of Circulars under FEMA, 1999

July 3, 2026

The RBI has begun reviewing circulars issued under the Foreign Exchange Management Act to rationalize regulatory frameworks. This review targets expired or non-functional circulars since June 2000.

Review of Circulars issued under Foreign Exchange Management Act, 1999

The Reserve Bank of India, in a circular dated June 24, 2026, announced a comprehensive review of past circulars issued under the Foreign Exchange Management Act (FEMA). This initiative is geared toward rationalizing the regulatory framework to enhance operational effectiveness.

The review will address circulars that have ceased to operate since June 1, 2000, ensuring that the current regulatory environment is relevant and functional for its stakeholders. The RBI's decision reflects a commitment to evolving and improving the regulatory landscape regarding foreign exchange management.

Practitioners involved in cross-border transactions should take note of this rationalization effort, as it may impact several compliance protocols. Keeping abreast of these changes will be vital for maintaining regulatory adherence in foreign exchange operations.

Citations

  • Review of Circulars under FEMA, 1999
Practice Areas:bankingcorporate

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