Foreign exchange borrowing and lending framework issued under FEMA by Reserve Bank, establishes regulatory authority and commencement. The Reserve Bank of India, under powers conferred by the Foreign Exchange Management Act, 1999, issues the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, to regulate borrowing or lending in foreign exchange by persons resident in India; the notification names the regulation and specifies its commencement.
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Provisions expressly mentioned in the judgment/order text.
Foreign exchange borrowing and lending framework issued under FEMA by Reserve Bank, establishes regulatory authority and commencement.
The Reserve Bank of India, under powers conferred by the Foreign Exchange Management Act, 1999, issues the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, to regulate borrowing or lending in foreign exchange by persons resident in India; the notification names the regulation and specifies its commencement.
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