TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Rules for Foreign Currency Borrowing by Authorized Dealers: Regulation 4(2) Caps Loans from Overseas Branches.</h1> Authorised Dealers (ADs) in foreign exchange are permitted to borrow in foreign currency under specific conditions outlined in Regulation 4(2) of Notification No.FEMA 3/2000-RB. ADs can obtain loans from their head offices or overseas branches up to 25% of their unimpaired Tier-I capital or USD 10 million, whichever is higher. New guidelines replace existing facilities, capping all overseas borrowings, including external commercial borrowings (ECBs) and overdrafts, at the same limit unless approved by the Reserve Bank of India. Transactions for export credit financing and subordinated debt for Tier-II capital are exempt. ADs must report their borrowings monthly to the RBI.
TaxTMI 
TaxTMI 
