TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Amends Foreign Exchange Rules: Indian Firms Can Lend Rupees to NRI Employees for Personal Use Under Regulation 8A.</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000, effective upon publication in the Official Gazette. This amendment, known as the Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2002, introduces Regulation 8A, allowing Indian corporations to grant rupee loans to non-resident Indian or Person of Indian Origin employees. The loans are for personal use, including housing purchases, and must adhere to the lender's staff schemes. Loan amounts must be credited to the borrower's NRO account, and repayments must be made from outside India or specified accounts.
TaxTMI 
TaxTMI 
