https://www.taxtmi.com/acts?id=30893 Regulation 5C, omitted with effect from 3 March 2020, had permitted specified non-individual resident and non-resident entities to undertake hedge transactions under simplified procedures. Resident entities with foreign-currency exposures and non-resident entities with rupee exposures could hedge underlying exchange-rate risk arising from transactions permitted under the Foreign Exchange Management Act, 1999, or instruments issued under it. The permission operated notwithstanding specified derivative-contract provisions and remained subject to simplified terms and conditions prescribed through directions. en-us Mon, 13 Nov 2017 18:03:20 +0530 Fri, 11 Sep 2026 14:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30893 Regulation 5C, omitted with effect from 3 March 2020, had permitted specified non-individual resident and non-resident entities to undertake hedge transactions under simplified procedures. Resident entities with foreign-currency exposures and non-resident entities with rupee exposures could hedge underlying exchange-rate risk arising from transactions permitted under the Foreign Exchange Management Act, 1999, or instruments issued under it. The permission operated notwithstanding specified derivative-contract provisions and remained subject to simplified terms and conditions prescribed through directions. Act-Rules FEMA Mon, 13 Nov 2017 18:03:20 +0530 https://www.taxtmi.com/acts?id=30893