Amendments to Foreign Exchange Management Regulations notify authorised dealers of regulatory changes affecting derivatives, foreign loans, ODI, and property. Amendments to the Foreign Exchange Management Regulations revise permissions and operational rules for cross border transactions in six areas: risk management and inter bank dealings and derivatives; forward cover for foreign institutional investors; foreign currency borrowing in India to holders of specified foreign currency deposits; liberalised overseas direct investment under the automatic route; acquisition of immovable property outside India by branches/trading offices; and enlargement of booking forward contracts. Authorised dealers are to inform constituents and the directions are issued under statutory authority of the Foreign Exchange Management Act.
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Provisions expressly mentioned in the judgment/order text.
Amendments to Foreign Exchange Management Regulations notify authorised dealers of regulatory changes affecting derivatives, foreign loans, ODI, and property.
Amendments to the Foreign Exchange Management Regulations revise permissions and operational rules for cross border transactions in six areas: risk management and inter bank dealings and derivatives; forward cover for foreign institutional investors; foreign currency borrowing in India to holders of specified foreign currency deposits; liberalised overseas direct investment under the automatic route; acquisition of immovable property outside India by branches/trading offices; and enlargement of booking forward contracts. Authorised dealers are to inform constituents and the directions are issued under statutory authority of the Foreign Exchange Management Act.
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