https://www.taxtmi.com/acts?id=2239 Regulation 6 restricts use of rupee borrowings from non-residents to the borrower's own business, excluding chit funds, Nidhi companies, agricultural/plantation activities, real estate business or TDR trading, and bars use for investment in any entity or for relending; RBI may permit on-lending to the infrastructure sector or placement in bank fixed deposits pending permissible utilisation, and real estate business is clarified not to include township development or construction of residential/commercial premises, roads or bridges. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 26 Jun 2025 15:02:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2239 Regulation 6 restricts use of rupee borrowings from non-residents to the borrower's own business, excluding chit funds, Nidhi companies, agricultural/plantation activities, real estate business or TDR trading, and bars use for investment in any entity or for relending; RBI may permit on-lending to the infrastructure sector or placement in bank fixed deposits pending permissible utilisation, and real estate business is clarified not to include township development or construction of residential/commercial premises, roads or bridges. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2239