Borrowing limit increase under foreign exchange regulations expands permitted threshold for external borrowing and lending. The amendment substitutes the earlier fifteen per cent limit with twenty five per cent in Regulation 4(2)(i) of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, constituting the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2002; it comes into force on publication in the Official Gazette and partially modifies Notification No. FEMA 3/2000-RB.
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Borrowing limit increase under foreign exchange regulations expands permitted threshold for external borrowing and lending.
The amendment substitutes the earlier fifteen per cent limit with twenty five per cent in Regulation 4(2)(i) of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, constituting the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2002; it comes into force on publication in the Official Gazette and partially modifies Notification No. FEMA 3/2000-RB.
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