Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
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RBI/2026-27/254 A.P. (DIR Series) Circular No. 21 September 08, 2026 To All Authorised Persons Madam / Sir, Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA) In pursuance of the Reserve Bank’s ongoing initiative to rationalise the regulatory framework under the Foreign Exchange Management Act, 1999 (FEMA), a comprehensive review of circulars issued since June 01, 2000, is underway. 2. In furtherance of the aforementioned initiative, seven circulars as listed at Annex, that have ceased to be operative owing to subsequent regulator
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