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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Non-residents can get rupee loans from authorized dealers under Regulation 7, relatives in India allowed to repay</h1> Under FEMA regulations, authorized dealers may grant rupee loans to non-residents per Regulation 7. Such loans can be repaid by the borrower's relatives residing in India through crediting the borrower's loan account via the relative's bank account. This provision facilitates loan repayment mechanisms for non-resident borrowers by allowing family members in India to make payments on their behalf through the banking system.
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