Date: 28-Feb-2025Category: Extra OrdinaryState: Union GovernmentCountry: India
In the notification of the Reserve Bank of India, Foreign Exchange Department, Central Office, Mumbai published in the Gazette of India, Extra Ordinary, Part III, Section 4 in Issue
This gazette notification is a corrigendum issued by the Reserve Bank of India (RBI) regarding the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Fourth Amendment) Regulations, 2024, originally published on November 19, 2024.
Key Changes
The corrigendum clarifies a numbering error in the original notification.
It states that Serial Numbers 4, 5, and 6 on pages 2 and 3 of the original notification should be read as Serial Numbers 1, 2, and 3.
Impact Analysis
Impact on Stakeholders
Financial institutions responsible for implementing and monitoring these regulations must update their records and processes to reflect the corrected serial numbers.
Suggested Action Items
Communicate the correction to relevant staff and stakeholders to ensure consistent understanding and application of the regulations.
Key Entities Referenced
Reserve Bank of India (RBI): The issuing authority for this corrigendum and the primary regulator of foreign exchange in India.
Foreign Exchange Department, Central Office, Mumbai: The specific department within the RBI responsible for this notification.
Foreign Exchange Management Act (FEMA): The overarching legislation governing foreign exchange transactions in India. The regulations amended by this notification fall under FEMA.
Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Fourth Amendment) Regulations, 2024: The specific regulations being amended by this corrigendum. The original notification was published on November 19, 2024, in Gazette Issue No. 925.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-03032025-261422
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CG-MH-E-03032025-261422
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 144] िई ददल्ली, िुक्रर्ार, फरर्री 28, 2025/फाल्ग िु 9, 1946
No. 144] NEW DELHI, FRIDAY, FEBRUARY 28, 2025/PHALGUNA 9, 1946
भारतीय ररज़र् वबकैं
(जर्देिी मद्रु ा जर्भाग)
केंद्रीय कायालव य
िजु िपत्र
मुंबई, 28 फरर्री 2025
जर्देिी मद्रु ा प्रबधं (भारत म ेंजिर्ासी व्यजि द्वारा जर्देिी मद्रु ा खात)े (चौथा सिं ोधि) जर्जियमार्ली, 2024
स.ं फेमा 10 (आर)(4)/2024-आरबी.— भारत के रािपत्र, असाधारण, भाग III, खंड 4, ददिांक 19 िर्ंबर
2024 में अंक संख्या 925 में प्रकाजित भारतीय ररिर्व बैंक, जर्देिी मुद्रा जर्भाग, केंद्रीय कायावलय, मुंबई की इस
अजधसूचिा में पृष्ठ संख्या 2 और 3 पर
क्रम संख्या 4, 5 एर्ं 6
के स्ट्थाि पर
क्रम संख्या 1, 2 और 3
पढा िाए।
एि. सेंजथल कुमार, मख्ु य महाप्रबंधक
[जर्ज्ञापि-III/4/असा./1001/2024-25]
1482 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
RESERVE BANK OF INDIA
(Foreign Exchange Department)
(Central Office)
CORRIGENDUM
Mumbai, the 28th February, 2025
Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in
India)(FourthAmendment) Regulations, 2024
No. FEMA 10(R)/(4)/2024-RB.— In the notification of the Reserve Bank of India, Foreign Exchange
Department, Central Office, Mumbai published in the Gazette of India, Extra Ordinary, Part III, Section 4 in Issue
No. 925 dated 19th November 2024 on page no. 2 and 3,
for
SL No. 4, 5 & 6
may be read as
SL No. 1, 2 & 3
N. SENTHIL KUMAR, Chief General Manager
[ADVT.-III/4/Exty./1001/2024-25]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.