RBI/2010-11/12
Master Circular No. 12/2010-11

July 01, 2010

To,

All Authorised Persons in Foreign Exchange

Madam / Sir,

Master Circular on Memorandum of Instructions governing money changing activities

This Master Circular consolidates the existing instructions on the subject of “Memorandum of Instructions governing money changing activities” at one place. The list of underlying circulars/ notifications is set out in Appendix.

2. This Master Circular is being issued with a sunset clause. It will stand withdrawn on July 1, 2011 and would be replaced by an updated Master Circular on the subject.

Yours faithfully,

(Salim Gangadharan)
Chief General Manager-in-Charge