Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019 – Acceptance of Deposits by issue of Commercial Papers

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..... Management (Deposit) (Amendment) Regulations, 2019 Acceptance of Deposits by issue of Commercial Papers Attention of Authorised Dealers (ADs) is invited to the Foreign Exchange Management (Deposit) Regulations, 2016 notified vide Notification No. FEMA 5(R)/2016-RB dated April 1, 2016 , as amended from time to time and the relevant directions issued thereunder. 2. We advise .....

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..... relating to Commercial Papers (CPs), we advise that Sub-regulation (3) of Regulation 6 of FEMA 5(R)/2016-RB has been deleted vide GOI Notification No. FEMA 5(R)(2)/2019-RB dated July 16, 2019 . 4. AD Category I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 5. The directions contained in this circular have been is .....

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