Disclosure of pending investigations required when entities seek foreign currency borrowing, ensuring Authorized Dealers are informed of adjudications or appeals. The amendment substitutes a proviso in Schedule I to require that an entity availing foreign currency borrowing must indicate to Authorized Dealers any pending investigations, adjudications or appeals by law enforcement agencies for alleged breaches of the regulations under the Act.
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.
Disclosure of pending investigations required when entities seek foreign currency borrowing, ensuring Authorized Dealers are informed of adjudications or appeals.
The amendment substitutes a proviso in Schedule I to require that an entity availing foreign currency borrowing must indicate to Authorized Dealers any pending investigations, adjudications or appeals by law enforcement agencies for alleged breaches of the regulations under the Act.
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