RBI issues master directions on reporting under FEMA

RBI has issued master directions on reporting under FEMA wherein various reports and forms required to be submitted by Authorised Persons/Authorised Dealer Category – I Banks under FEMA are consolidated. Accurate compilations and timely submission of these reports are of critical importance as they are not only act as supervisory tool but also help in fine-tuning the policies relating to foreign exchange regulated under FEMA.

January 25th, 2018