https://www.taxtmi.com/circulars?id=3017 RBI permits AD Category I banks to allow SMEs to book, cancel, rebook and roll over forward contracts without underlying documents subject to SME eligibility, alignment with credit facilities, bank due diligence on appropriateness and suitability, and declaration of other forwards; resident individuals may book forward contracts on self declaration through their bank within a prescribed aggregate notional ceiling and tenor limits, subject to deliverability, cancellability for cash flow mismatches, AML/KYC compliance, suitability checks and quarterly reporting to the Reserve Bank. en-us Mon, 29 Oct 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3017 RBI permits AD Category I banks to allow SMEs to book, cancel, rebook and roll over forward contracts without underlying documents subject to SME eligibility, alignment with credit facilities, bank due diligence on appropriateness and suitability, and declaration of other forwards; resident individuals may book forward contracts on self declaration through their bank within a prescribed aggregate notional ceiling and tenor limits, subject to deliverability, cancellability for cash flow mismatches, AML/KYC compliance, suitability checks and quarterly reporting to the Reserve Bank. Circulars FEMA Mon, 29 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3017