https://www.taxtmi.com/acts?id=2048 An OCB may enter into a rupee denominated forward contract with an Authorised Dealer in India to hedge: dividends on existing equity investments in Indian companies; balances in existing FCNR or NRE rupee term deposit accounts; and amounts of existing investments made under the Portfolio Investment Scheme or under the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, subject to the terms and conditions specified in the proviso to paragraph 1 of Schedule II to the Foreign Exchange Derivative Contracts Regulations. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 17 Jun 2025 18:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2048 An OCB may enter into a rupee denominated forward contract with an Authorised Dealer in India to hedge: dividends on existing equity investments in Indian companies; balances in existing FCNR or NRE rupee term deposit accounts; and amounts of existing investments made under the Portfolio Investment Scheme or under the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, subject to the terms and conditions specified in the proviso to paragraph 1 of Schedule II to the Foreign Exchange Derivative Contracts Regulations. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2048