Borrowing in Indian Rupees by a Person Resident in India

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....isions contained in Schedule I. B. Borrowing by persons other than Authorised Dealer i. Eligible resident entities may raise Rupee denominated ECB from outside India in accordance with the provisions contained in Schedule I. ii. Eligible resident entities, as defined by the Government of India, may borrow from overseas Multilateral Financial Institutions/International De....

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....MA 20(R)/ 2017-RB dated November 07, 2017, as amended from time to time. v. Any person resident in India accepting any deposit from, or making any deposit with, a person resident outside India, including loans/ overdrafts against security of funds held in such accounts, should be in compliance with Foreign Exchange Management (Deposit) Regulations, 2016, notified vide Notification No. FEM....

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.... the purpose of onward lending. Explanation: Such borrowings which are in the nature of ECBs shall be subject to provisions contained in Schedule I.     ************** NOTES:- 1.  Substituted vide Notification No. FEMA 3(R)(5)/2026-RB dated 09-02-2026 w.e.f. 09-02-2026 before it was read as,  "vi. A person resident in India, ....