https://www.taxtmi.com/circulars?id=1946 Foreign currency loans in India granted against the security of FCNR(B) deposits to account holders are subject to the same prohibitions as rupee loans against NRE/FCNR deposits, including bans on relending, agricultural or plantation activities, and investment in the real estate business; authorised dealers must inform their constituents and the directions are issued under the Foreign Exchange Management Act, 1999. en-us Tue, 26 Nov 2002 00:00:00 +0530 Fri, 03 Oct 2008 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1946 Foreign currency loans in India granted against the security of FCNR(B) deposits to account holders are subject to the same prohibitions as rupee loans against NRE/FCNR deposits, including bans on relending, agricultural or plantation activities, and investment in the real estate business; authorised dealers must inform their constituents and the directions are issued under the Foreign Exchange Management Act, 1999. Circulars FEMA Tue, 26 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1946