FEMA (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) (SECOND AMENDMENT) REGULATIONS, 2012 - AMENDMENT IN SCHEDULE I

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....IVE CONTRACTS) (SECOND AMENDMENT) REGULATIONS, 2012 - AMENDMENT IN SCHEDULE I NOTIFICATION NO. FEMA 240/2012-RB Dated 25-9-2012 GSR 799(E),- In exercise 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 hereby makes the following amendments in the Foreign Exchange Management (Foreign Exchange ....

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....nserted and shall be deemed to have been inserted with effect from May 3, 2000. (ii)  In sub-paragraph 3(1) of the paragraph 'B' in Schedule I, the words "Provided that in the respect of cost effective risk reduction strategies like range forwards, ratio-range forwards or any other variable by whatever name called there shall not be any net inflow of premium" shall be omitted and shall be ....

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.... Manager Footnote:- 1. @ It is clarified that no person will be adversely affected as a result of retrospective effect being given to those regulations. 2. The Principal Regulations were published in the Official Gazette vide G.S.R. No. 411(E), Dated May, 8, 2000 in Part II, Section 3, Sub-section (i) and Subsequently amended vide- GSR No. 756(E), dated 28.09.2000 GSR No. 264(E), dated....