FEMA & RBI
Foreign exchange rules and Reserve Bank directions.
2stories · Action needed
October 2026
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NRD-CSR return on non-resident deposits to be filed on RBI’s CIMS Sankalan portal as return R012; 2013 XBRL circular superseded
File by 10th of next monthAction neededRBI has issued a fresh circular on the monthly Non-Resident Deposits – Comprehensive Single Return (NRD-CSR). The return, code R012, is filed on the CIMS Sankalan portal through one of three channels, on or before the 10th of the following month. The circular supersedes A.P. (DIR Series) Circular No. 19 of 7 August 2013, which provided for filing on the XBRL platform.
August 2026
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IFSCA to all regulated entities: hold a valid SEZ Letter of Approval and IFSCA registration at all times, or face penalty, suspension or cancellation
LoA renewal: 2 months beforeAction neededIFSCA has directed every regulated entity in the IFSC to hold a valid and subsisting Letter of Approval under the SEZ Act, 2005 and the applicable IFSCA registration, licence or authorisation at all times, and not to do business without them. It notes that some entities are operating without these. The circular supersedes the direction of 3 April 2025.
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