Resident Individual – Meaning, FEMA Rules & Guidelines : Sriya Enterprise

A Resident Individual refers to a person who qualifies as a resident in India under the applicable provisions of the Foreign Exchange Management Act (FEMA), 1999. Residential status is determined based on specific legal criteria and circumstances. Understand FEMA provisions, foreign exchange transactions, overseas remittances, regulatory requirements, and guidelines applicable to resident individuals.

RBI FEMA Second Amendment 2026: Simpler EDF and IDPMS Rules for Service Exporters and Importers

November 6, 2026
Admin
FEMA

If you export or import services from India, compliance paperwork under FEMA has long been a pain point, especially for freelancers, consultants and small businesses. On 2 November 2026, the Reserve Bank of India issued Notification No. FEMA 23(R)/(2)/2026-RB, the…