https://www.taxtmi.com/notifications?id=3767 The Amendment inserts Sub Regulation (6) in Regulation 5 permitting Indian companies to grant loans in foreign currency to employees of their branches outside India for personal purposes, provided such loans are granted in accordance with the lender's Staff Welfare Scheme/Loan Rules and other terms and conditions applicable to its staff resident in India and abroad. en-us Wed, 08 Jan 2003 00:00:00 +0530 Wed, 15 Jul 2009 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3767 The Amendment inserts Sub Regulation (6) in Regulation 5 permitting Indian companies to grant loans in foreign currency to employees of their branches outside India for personal purposes, provided such loans are granted in accordance with the lender's Staff Welfare Scheme/Loan Rules and other terms and conditions applicable to its staff resident in India and abroad. Notifications FEMA Wed, 08 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3767