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September 2026
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FEMA & RBIRBI withdraws seven old FEMA circulars — five on ECB, one on tax-free bonds, one on MTSS sub-agents: A.P. (DIR Series) Circular No. 21
7 FEMA circulars withdrawnRBI is reviewing every circular issued under FEMA since 1 June 2000. By A.P. (DIR Series) Circular No. 21 dated 8 September 2026 it has withdrawn seven circulars issued between 2012 and 2015 that had ceased to be operative: five on External Commercial Borrowings, one on non-resident investment in tax-free bonds and one on the Money Transfer Service Scheme.
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