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

NEW DELHI, Sept. 8 -- The Government of India issued the following FEMA circular:

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owing to subsequent regulatory amendments, redundancy, overlap or supersession by newer directives, are being withdrawn.

3....