Please find attached circular issued by RBI. The brief summary of the circular is mentioned below:

1 Circular date  13/11/2020
2 Subject Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999.
3 Effective date 13/11/2020
4 Applicability  As per circular attached
5 Brief description  

With a view to improve the ease of doing business and reduce the cost of compliance, the existing forms and reports prescribed under FEMA, 1999, were reviewed by the Reserve Bank. Accordingly, it has been decided to discontinue the 17 returns/reports as listed in the attachment with immediate effect.

5 Impact This is welcome move as reducing burden on Professionals as well as businesses.

For your reference circular attached here.