Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2005

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....) CENTRAL OFFICE NOTIFICATION No. FEMA.142/2005-RB Mumbai, the 6th December, 2005 In exercise of the powers conferred by clause (d) of sub-section (3) of Section 6 and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following regulations to amend the Foreign Exchange Management (Borrowing or Lending ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cial institution, housing finance company and a non-banking finance company) is eligible to borrow under this Schedule. (b) Non-Government Organisations engaged in micro-finance activities may borrow in foreign exchange under this Schedule under such terms and conditions as specified by the Reserve Bank from time to time. (c) Any other entity as specified by the Reserve Bank." ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... "(d) any other eligible purpose as specified by the Reserve Bank." Vinay Baijal Chief General Manager Foot Note: i) The Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 (Notification No.3 dated May 3, 2000) was published in the Official Gazette vide G.S.R. 386 (E) dated May 5, 2000 in Part II, Section 3, sub-section (i) and was subsequently am....