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The Reserve Bank of India (RBI) has withdrawn a number of outdated circulars issued under the Foreign Exchange Management Act, 1999 (FEMA). The move is part of the central bank's ongoing efforts to simplify regulations and eliminate redundant compliance requirements. Through A.P. (DIR Series) Circu
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FAQ :
The RBI has withdrawn a number of outdated circulars issued under the Foreign Exchange Management Act, 1999 (FEMA).
The withdrawal is part of the RBI's ongoing efforts to simplify regulations and eliminate redundant compliance requirements.
The RBI announced the withdrawal through A.P. (DIR Series) Circular No. 18 dated June 24, 2026.
The RBI conducted a comprehensive review of FEMA-related circulars issued since June 1, 2000.
Circulars identified as no longer operative due to regulatory amendments, overlap with newer guidelines, redundancy, or supersession have been withdrawn.
The directions were issued under Section 10(4) and Section 11(1) of the FEMA, 1999.
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