Review of Circulars issued under Foreign Exchange Management Act, 1999
RBI notification RBI/2026-27/175 · 24 Jun 2026
Official title
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
RBI notification RBI/2026-27/175 · 24 Jun 2026
Official title
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
Summary
Check the official recordThe Reserve Bank of India withdraws specific circulars issued under the Foreign Exchange Management Act, 1999. This action follows a review of directives published since June 01, 2000. The withdrawn circulars are redundant, overlap with newer regulations, or suffer from supersession. Authorised Persons must inform their constituents about these changes. The withdrawal takes effect immediately.
What you must do
Key dates
Who is affected
RBI/2026-27/175 A.P. (DIR Series) Circular No. 18 June 24, 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 review of circulars issued since June 01, 2000, has been undertaken. The circulars, as listed at Annex, that have ceased to be operative owing to subsequent regulatory amendments, redundancy, overlap or supersession by newer directives, are being withdrawn.
Authorised Persons may bring the contents of this circular to the notice of their constituents concerned.
The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the FEMA, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
Yours faithfully
(Dr. Aditya Gaiha) Chief General Manager-In-Charge