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        FEMA

        Regulation 3 - Prohibition

        Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000

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        Foreign exchange derivative contracts: prior Reserve Bank permission required for entry into contracts by persons in India. No person in India may enter into a foreign exchange derivative contract or currency futures without the prior permission of the Reserve Bank, subject to any exceptions provided in the Regulations.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Foreign exchange derivative contracts: prior Reserve Bank permission required for entry into contracts by persons in India.

                          No person in India may enter into a foreign exchange derivative contract or currency futures without the prior permission of the Reserve Bank, subject to any exceptions provided in the Regulations.


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