https://www.taxtmi.com/acts?id=2049 The amendments remove all textual references to Overseas Corporate Bodies (OCBs) and excise the general permission previously applicable to OCBs by deleting terms such as 'OCB' and 'Overseas Corporate Body' from specified regulations, schedules and annexures across several FEMA instruments, including rules on borrowing or lending in foreign exchange and rupees, deposits, transfers or issues of securities by nonresidents, and derivative contracts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 18 Jun 2025 10:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2049 The amendments remove all textual references to Overseas Corporate Bodies (OCBs) and excise the general permission previously applicable to OCBs by deleting terms such as 'OCB' and 'Overseas Corporate Body' from specified regulations, schedules and annexures across several FEMA instruments, including rules on borrowing or lending in foreign exchange and rupees, deposits, transfers or issues of securities by nonresidents, and derivative contracts. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2049