The Reserve Bank of India (RBI) on January 12, 2026, issued updates in the Master Direction – Reporting under Foreign Exchange Management Act, 1999.
The following has been stated: -
•FEMA is implemented through authorised persons based on declarations made by transacting parties, with RBI mandating various reports/forms to ensure effective supervision and policy formulation.
•All such reporting requirements are consolidated in a Master Direction, which will be updated periodically as new instructions are issued.
The detailed notification is given in the document below.
[Notification No.: RBI/FED/2015-16/13 FED Master Direction No.18/2015-16]
