Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2008

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....rred by clause (h) of sub-section 2 of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, (Notification No. FEMA 25/RB-2000 dated May 3, 2000) namely:- 1. Short Title and Commencement: (i) These Regulations may be called the Fore....

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....in regulation 3 of the principal regulations, after the words, "foreign exchange derivative contract", the words, "or currency futures" shall be inserted. (iii) after regulation 5 of the principal regulations, the following regulation shall be inserted, namely :- "5A. Permission to a person resident in India to enter into currency futures A person resident in India may enter into a currency fut....