Margin for Derivative Contracts regulation establishes RBI authority under FEMA to prescribe margins and support orderly forex markets. Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 empower the Reserve Bank of India under Section 47(2)(h) of FEMA to prescribe margin requirements for derivative contracts to promote orderly development and maintenance of the foreign exchange market; the regulations are effective on publication in the Gazette of India.
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Provisions expressly mentioned in the judgment/order text.
Margin for Derivative Contracts regulation establishes RBI authority under FEMA to prescribe margins and support orderly forex markets.
Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 empower the Reserve Bank of India under Section 47(2)(h) of FEMA to prescribe margin requirements for derivative contracts to promote orderly development and maintenance of the foreign exchange market; the regulations are effective on publication in the Gazette of India.
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