Directives, Circulars and Orders
The Reserve Bank supplements the provisions of Exchange Control (General) Order, 1996 (Statutory Instrument 110 of 1996), by issuing directions under the authority conferred by section 35 of the Exchange Control Regulations, 1996 (Statutory Instrument 109 of 1996). Such directions which the Reserve Bank may issue from time to time are consistent with the provisions of Exchange Control (General) Order 1996. Any direction issued or permission or authority granted under these regulations;
(a) may be general or special;
(b) may be absolute or conditional;
(c) in the case of permission or authority, may be limited so as to expire on a specified date unless renewed;
(d) may be revoked or varied;
(e) shall be given to such persons or published in such manner as, in the opinion of the exchange control authority issuing or granting it, will give any person affected by it an adequate opportunity of getting to know of it. As a result, all the directions are circulated to Authorised Dealers for onward dissemination to their customers.