RBI/2014-15/204
A.P. (DIR Series) Circular No.23
September 2, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Three divisions of Foreign Exchange Department shifted to FED CO Cell at
New Delhi
Attention of Authorised Dealer Category-I (AD Category-I) banks is
invited to the Press Release dated June 17, 2014 which mentions the shifting of
three divisions of Foreign Investment Division (FID) viz. Liaison/Branch/Project
Office (LO/BO/PO) Division, Non Resident Foreign Account Division (NRFAD) and
Immovable Property (IP) Division to New Delhi with effect from July 15, 2014.
The address for correspondence for the three divisions is FED, CO Cell, Foreign
Exchange Department, Reserve Bank of India, New Delhi Regional Office, 6,
Parliament Street, New Delhi - 110 001, India.
- Attention is also invited to
A.P (DIR Series) Circular No 106 dated February
18, 2014 in terms of which AD - Category I banks are required to furnish on a
monthly basis, a statement on the number of applicants and total amount remitted
from NRO account, as per proforma annexed, to the Chief General
Manager-in-Charge, Foreign Exchange Department, Foreign Investments Division
(NRFAD), Reserve Bank of India, Central Office, Mumbai-400001 within 7 days of
the end of the reporting month.
- Attention is also invited to Para 5(ii) and Para 5(iii) of
A.P (DIR Series)
Circular No 24 dated December 30, 2009 in terms of which A.D Category-I banks
are required to report (i) the extension of validity of the Liaison Offices to
the Regional Office concerned as well as to the Central Office, and (ii) closure
of the Liaison Offices to the concerned Regional Office and closure of Branch
Offices to the Central Office.
- It is advised that all cases pertaining to these three divisions and the
monthly statements as per circulars ibid/reporting for extension or closure of
LOs/BOs shall be sent to the FED CO Cell at the address mentioned above.
Reporting, by email, for NRFAD shall continue at the same email address.
- AD Category- I banks may bring the contents of the circular to the notice of
their constituents concerned.
- The directions contained in this circular have been issued under Sections
10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is
without prejudice to permissions / approvals, if any, required under any other
law.
Yours faithfully,
(C D Srinivasan)
Chief General Manager