Non violation and no pending investigation requirement limits eligibility for borrowing or lending in foreign exchange under FEMA. The amendment inserts identical provisos after clauses (a), (b) and (c) of paragraph (1), sub paragraph (i) of Schedule I to the Regulations, conditioning applicability on the entity having not at any time violated any provision of these regulations and on there being no investigation pending against them for contravention of these regulations under the Act; the amendment is made under Section 6(3)(d) and Section 47(2) of the Act and comes into force from June 30, 2009.
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 violation and no pending investigation requirement limits eligibility for borrowing or lending in foreign exchange under FEMA.
The amendment inserts identical provisos after clauses (a), (b) and (c) of paragraph (1), sub paragraph (i) of Schedule I to the Regulations, conditioning applicability on the entity having not at any time violated any provision of these regulations and on there being no investigation pending against them for contravention of these regulations under the Act; the amendment is made under Section 6(3)(d) and Section 47(2) of the Act and comes into force from June 30, 2009.
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