Commodity Hedge

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....erms 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 or mark....

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....nbsp;   **************** NOTES:- 1. Inserted by Notification No. 066/2002 dated 27-07-2002, w.e.f. 27-07-2002. 2. Substituted vide Notification No. 148/RB-2006 dated 16-03-2006, w.e.f. 23-07-2005 before it was read as, "Reserve Bank may, on an application made in accordance with the procedure specified in Schedule III, permit subject to such terms and c....

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....nd listed on a recognised stock exchange" 5. Omitted vide Notification No. FEMA. 260/2013-RB dated 18-02-2013 w.e.f. 17-01-2012, before it was read as, "specially authorized in that behalf by the Reserve Bank" 6. Omitted vide Notification No. FEMA. 260/2013-RB dated 18-02-2013 w.e.f. 17-01-2012, before it was read as, "Provided that such authorized dealer ba....