Borrowing and lending in foreign exchange: scope expanded to permit entities beyond India subject to regulatory permission. Amendment inserts 'or any other entity as permitted by Reserve Bank' into Regulation 4(2)(i) of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, extending eligibility for borrowing and lending in foreign exchange to entities beyond India where permitted by the Reserve Bank; made under Sections 6(3)(d) and 47(2) of the Foreign Exchange Management Act, 1999, effective on publication in the Official Gazette.
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Borrowing and lending in foreign exchange: scope expanded to permit entities beyond India subject to regulatory permission.
Amendment inserts "or any other entity as permitted by Reserve Bank" into Regulation 4(2)(i) of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, extending eligibility for borrowing and lending in foreign exchange to entities beyond India where permitted by the Reserve Bank; made under Sections 6(3)(d) and 47(2) of the Foreign Exchange Management Act, 1999, effective on publication in the Official Gazette.
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