On January 4, 2016 RBI has issued the following 17 Master Directions (There is no Master Direction 1 & Master Direction 11). Each Master Direction consolidates / complies various instructions issued by RBI, from time to time, with respect to the Regulations covered in the Master Directions.
RBI will continue to issue directions to Authorised Persons through A.P. (DIR Series) Circulars in regard to any change in the Regulations or the manner in which relative transactions are to be conducted and the Master Direction will also be amended suitably.
2. M aster Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Nonresident Exchange Houses 3. M aster Direction – Money Changing Activities
4. Master Direction – Compounding of Contraventions under FEMA, 1999 5. Master Direction – External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers
6. Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians / Persons of Indian Origin
7. M aster Direction – Liberalised Remittance Scheme (LRS)
8. M aster Direction – Other Remittance Facilities
9. M aster Direction – Insurance
10. M aster Direction – Establishment of Liaison / Branch /Project Offices in India by foreign entities
12. M aster Direction – Acquisition and Transfer of Immovable Property under Foreign Exchange Management Act, 1999
13. Master Direction – Remittance of assets
14. Master Direction – Deposits and Accounts
15. Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad
16. Master Direction – Export of Goods and Services
17. Master Direction – Import of Goods and Services
18. Master Direction – Reporting under Foreign Exchange Management Act, 1999
19. Master Direction – Miscellaneous
