Hedging of overseas direct investments: forward contracts may be cancelled and partial rebooking permitted under revised FEMA guidance. AD Category I banks may allow residents to cancel forward contracts entered to hedge exchange risk on overseas direct equity and loan investments, subject to verification of exposure and continuance of other conditions from the earlier circular; a portion of cancelled contracts may be rebooked and regulatory amendments will be notified separately.
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.
Hedging of overseas direct investments: forward contracts may be cancelled and partial rebooking permitted under revised FEMA guidance.
AD Category I banks may allow residents to cancel forward contracts entered to hedge exchange risk on overseas direct equity and loan investments, subject to verification of exposure and continuance of other conditions from the earlier circular; a portion of cancelled contracts may be rebooked and regulatory amendments will be notified separately.
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