Regulation 7A - Loans in Rupees to Non-residents by an authorised dealer - Foreign Exchange Management (Borrowing And Lending In Rupees) Regulations, 2000

1 [7A. Loans in Rupees to Non-residents by an authorised dealer A loan granted to a non-resident by an authorised dealer, in accordance with Regulation 7 above, may be repaid by any relative of the borrower in India by crediting the borrower's loan account through the bank account of such relative. ] ------------------- Notes:- 1. Inserted vide Notification No. FEMA 238/2012-RB, Dated 25-9-2012 , w.e.f. 16th day of September 2011