RBI REVISES REPORTING DIRECTIONS TO ALIGN WITH THE FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) REGULATIONS, 2017

Published On: 01/01/2018

Authors:

Akhoury Winnie Shekhar
In an attempt to bring the reporting requirements relating to the Foreign Exchange Management Act, 1999 (the 'Act') in line with the recently-introduced Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2017 (the 'New TISPROI Regulations'), the Reserve Bank of India (the 'RBI') has amended the Master Direction on Reporting under the Foreign Exchange Management Act, 2017 (the 'Revised Directions').