REVIEW OF CIRCULARS ISSUED UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999 (FEMA)

NEW DELHI, June 24 -- The Government of India issued the following FEMA circular:

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operative owing to subsequent regulatory amendments, redundancy, overlap or supersession by newer directives, are being withdrawn.

2. Authorised Persons may bring the contents of this circular to the...