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May 2008

A.P. (DIR Series) Circular No. 36, dated 4-4-2008 — Liberalised Remittance Scheme for Resident Individuals — Reporting.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
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Given below are the highlights of RBI Circulars.


 

29 A.P. (DIR Series) Circular No. 36, dated
4-4-2008 — Liberalised Remittance Scheme for Resident Individuals — Reporting.

Presently, banks are required to furnish information to RBI
in respect of the Liberalised Remittance
Scheme on a quarterly basis in the prescribed format.

This Circular requires the information to be submitted by the
banks on a monthly basis from April, 2008 onwards in the format annexed to this
Circular.

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