https://www.taxtmi.com/notifications?id=18050 The Regulations amend the principal FEMA borrowing/lending rules to permit borrowings in foreign exchange per borrower company per financial year up to such amounts as directed by the Reserve Bank for RBI permitted end uses; specify qualifying infrastructure sectors (power; telecommunication; railways; road including bridges; sea port and airport; industrial parks; urban infrastructure; and mining, exploration and refining); and allow the parking of loan amounts abroad or in India pending utilisation, subject to Reserve Bank directions, with specified retrospective effective dates and a clarification that no person will be adversely affected by the retrospective effect. en-us Wed, 17 Jun 2009 00:00:00 +0530 Wed, 29 Jul 2009 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=18050 The Regulations amend the principal FEMA borrowing/lending rules to permit borrowings in foreign exchange per borrower company per financial year up to such amounts as directed by the Reserve Bank for RBI permitted end uses; specify qualifying infrastructure sectors (power; telecommunication; railways; road including bridges; sea port and airport; industrial parks; urban infrastructure; and mining, exploration and refining); and allow the parking of loan amounts abroad or in India pending utilisation, subject to Reserve Bank directions, with specified retrospective effective dates and a clarification that no person will be adversely affected by the retrospective effect. Notifications FEMA Wed, 17 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/notifications?id=18050