Commodity Hedge

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....rms and conditions as it may consider necessary, a person resident in India to enter into a contract in a commodity exchange or market outside India to hedge the price risk in a commodity. (ii) Notwithstanding anything contained in sub-regulation (i), an authorized dealer bank ^5[****] may permit a company, resident in India ^4[****], to enter into contracts in a commodity exchange o....

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....ned.]     *************** NOTES:- 1.  Inserted vide Notification No. FEMA.66/2002-RB dated 27-07-2002 w.e.f. 19-08-2002 2. Substituted vide Notification No. FEMA 148/RB-2006 dated 16-03-2006 w.e.f. 23-07-2005 before it was read as, "6. Commodity Hedge :- Reserve Bank may, on an application made in accordance with the procedure....

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....xport transactions are concerned.]" 3.  Omitted vide Notification No. FEMA 159/ RB-2007 dated 17-09-2007 w.e.f. 31-05-2007 before it was read as, "imported/exported by it" 4.  Omitted vide Notification No. FEMA 201/RB-2009 dated 05-11-2009 w.e.f. 03-06-2008 before it was read as, "and listed on a recognized stock exchange" 5.&nbsp....