RBI’s Continuing FEMA Rationalization: What Businesses Should Know About the Withdrawal of Legacy Circulars

Introduction India’s foreign exchange regulatory framework has evolved considerably over the past two decades, keeping pace with the increasing volume and complexity of cross-border transactions. As the regulatory framework has developed, several older circulars have become redundant, been superseded by subsequent regulations, or ceased to have practical relevance. Against this backdrop, the Reserve Bank of […]
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