https://www.taxtmi.com/acts?id=53302 Restriction on end use of borrowed funds prohibits borrowing for chit funds, nidhi companies, real estate business and farmhouse construction (subject to infrastructure and industrial park composition conditions), trading in transferrable development rights, most plantation and securities transactions except for corporate actions pursued for strategic long term value; allows limited agricultural and animal husbandry activities under controlled conditions. It also prohibits using borrowed funds to repay domestic INR loans that financed restricted end uses or are NPAs, and forbids on lending for restricted purposes. en-us Tue, 17 Feb 2026 11:29:27 +0530 Tue, 17 Feb 2026 11:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53302 Restriction on end use of borrowed funds prohibits borrowing for chit funds, nidhi companies, real estate business and farmhouse construction (subject to infrastructure and industrial park composition conditions), trading in transferrable development rights, most plantation and securities transactions except for corporate actions pursued for strategic long term value; allows limited agricultural and animal husbandry activities under controlled conditions. It also prohibits using borrowed funds to repay domestic INR loans that financed restricted end uses or are NPAs, and forbids on lending for restricted purposes. Act-Rules FEMA Tue, 17 Feb 2026 11:29:27 +0530 https://www.taxtmi.com/acts?id=53302