RBI:
RBI issued a new directive under the A.P. (DIR Series) Circular No. 13, bringing significant changes to the regulations governing the release of foreign exchange for miscellaneous remittances. RBI has mandated that ADs must now obtain Form A2 in either physical or digital form for all cross-border remittances, regardless of the transaction value.
[RBI/2024-25/47 A.P. (DIR Series) Circular No. 13 dated: 03rd July, 2024]
