Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2009

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.... (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION No. FEMA. 183/2009-RB Mumbai, the 20th January, 2009 Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2009 G.S.R. 107(E). - In exercise of the powers conferred by clause (e) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 ....

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....sp;"(4) The borrowing by way of issue of preference shares on or after 30th day of April, 2007 other than those which are fully and mandatorily convertible into equity within a specified time and issue of convertible debentures on or after 7th day of June, 2007, other than those which are fully and mandatorily convertible into equity within a specified time, to a person resident outside India, sha....