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        FEMA

        Corrigendum - Notification No. FEMA 5(R)/2016-RB, dated April 01, 2016 - F. No. 1/31/EM-2015 - Foreign Exchange Management

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        Loans outside India: authorised dealers' overseas branches may grant loans secured by NRE account funds with remittance for liquidation. Authorised dealers' overseas branches or correspondents may grant loans to or in favour of non-resident depositors or to third parties at the depositor's request for bona fide purposes, against the security of funds held in NRE accounts in India, and may agree to remittance of funds from India, if necessary, for liquidation of the outstanding.
                        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.

                              Loans outside India: authorised dealers' overseas branches may grant loans secured by NRE account funds with remittance for liquidation.

                              Authorised dealers' overseas branches or correspondents may grant loans to or in favour of non-resident depositors or to third parties at the depositor's request for bona fide purposes, against the security of funds held in NRE accounts in India, and may agree to remittance of funds from India, if necessary, for liquidation of the outstanding.


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