https://www.taxtmi.com/acts?id=2389 Permission for persons resident outside India to enter foreign exchange derivative contracts under Regulation 5 was omitted with effect from 3 March 2020. The omitted provision had permitted contracts with persons resident in India, in accordance with Schedule II, to hedge risk exposure relating to transactions permissible under the foreign exchange law framework. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 11 Sep 2026 13:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2389 Permission for persons resident outside India to enter foreign exchange derivative contracts under Regulation 5 was omitted with effect from 3 March 2020. The omitted provision had permitted contracts with persons resident in India, in accordance with Schedule II, to hedge risk exposure relating to transactions permissible under the foreign exchange law framework. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2389