Non-resident hedging: authorisation to enter forex derivative contracts on behalf of Indian subsidiary, subject to regulatory terms. The amendment permits a non-resident to enter into a foreign exchange derivative contract with an Authorised Dealer bank in India to hedge exchange-rate exposure of, and on behalf of, its Indian subsidiary, strictly for the subsidiary's transactions and subject to regulatory terms and conditions, effected by insertion in Schedule II and brought into force on publication in the Official Gazette.
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.
Non-resident hedging: authorisation to enter forex derivative contracts on behalf of Indian subsidiary, subject to regulatory terms.
The amendment permits a non-resident to enter into a foreign exchange derivative contract with an Authorised Dealer bank in India to hedge exchange-rate exposure of, and on behalf of, its Indian subsidiary, strictly for the subsidiary's transactions and subject to regulatory terms and conditions, effected by insertion in Schedule II and brought into force on publication in the Official Gazette.
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