https://www.taxtmi.com/notifications?id=3803 Regulation 8(d) is amended to permit crediting of a borrower's loan account "by any relative of the borrower in India by crediting the borrower's loan account through the bank account of such relative," and defines "relative" by reference to Section 6 of the Companies Act, 1956. The change explicitly authorises funds routed through a relative's bank account for the utilization of the loan under the Borrowing and Lending in Rupees Regulations. en-us Tue, 25 May 2004 00:00:00 +0530 Sat, 04 Oct 2008 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3803 Regulation 8(d) is amended to permit crediting of a borrower's loan account "by any relative of the borrower in India by crediting the borrower's loan account through the bank account of such relative," and defines "relative" by reference to Section 6 of the Companies Act, 1956. The change explicitly authorises funds routed through a relative's bank account for the utilization of the loan under the Borrowing and Lending in Rupees Regulations. Notifications FEMA Tue, 25 May 2004 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3803