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

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....ise of the powers conferred 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 Regulat....

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....include a forward contract." (ii) 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 resi....