Eligibility for guarantees limited to persons eligible to raise foreign currency loans under FEMA borrowing regulations. Amendment substitutes the proviso to Regulation 3A of the Principal Regulations, replacing the earlier limitation to companies engaged exclusively in infrastructure and infrastructure financial companies with the qualification: a person resident in India who is eligible to raise foreign currency loan under sub-regulation (1) of Regulation 6 of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 read with Schedule I thereto.
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.
Eligibility for guarantees limited to persons eligible to raise foreign currency loans under FEMA borrowing regulations.
Amendment substitutes the proviso to Regulation 3A of the Principal Regulations, replacing the earlier limitation to companies engaged exclusively in infrastructure and infrastructure financial companies with the qualification: a person resident in India who is eligible to raise foreign currency loan under sub-regulation (1) of Regulation 6 of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 read with Schedule I thereto.
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