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of <h1>RBI Amends Foreign Exchange Regulations 2000; New Compliance Rules in Schedule 1 for Borrowing/Lending Activities</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, effective June 30, 2009. These amendments, under the Foreign Exchange Management Act, 1999, introduce provisos in Schedule 1, paragraph (1), sub-paragraph (i), after clauses (a), (b), and (c). The provisos stipulate that entities must not have violated any regulations or have pending investigations for contraventions under the Act. These changes aim to ensure compliance and integrity in foreign exchange borrowing or lending activities.
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