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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Banks Must Report Unhedged Forex Exposures Quarterly via XBRL System, per FEMA Sections 10(4) & 11(1) Guidelines.</h1> All Category - I Authorised Dealer banks are required to report unhedged foreign currency exposures of corporates quarterly, as per the revised guidelines. The reporting must be conducted online using the Extensible Business Reporting Language (XBRL) system starting from the quarter ending September 2013. Banks needing login credentials for the XBRL system should provide their contact details via email. The circular is issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, and does not affect any other legal permissions or approvals that may be necessary.
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