https://www.taxtmi.com/circulars?id=2023 Non-resident persons with Foreign Direct Investment in Indian companies may enter into forward contracts with Authorised Dealers using the rupee to hedge currency risk on dividends receivable, but forward cover may be taken only after the dividend rate is approved by the company's Board of Directors; implementing amendments to the Foreign Exchange Derivative Contracts Regulations, 2000 will be issued and Authorised Dealers should inform constituents under the FEMA, 1999 framework. en-us Fri, 17 Oct 2003 00:00:00 +0530 Fri, 03 Oct 2008 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2023 Non-resident persons with Foreign Direct Investment in Indian companies may enter into forward contracts with Authorised Dealers using the rupee to hedge currency risk on dividends receivable, but forward cover may be taken only after the dividend rate is approved by the company's Board of Directors; implementing amendments to the Foreign Exchange Derivative Contracts Regulations, 2000 will be issued and Authorised Dealers should inform constituents under the FEMA, 1999 framework. Circulars FEMA Fri, 17 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2023