Regulation 5 - Omitted - Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000

1 [ **** ] ************* NOTES:- 1. Omitted vide Notification No. FEMA.398/RB-2020 dated 18-02-2020 before it was read as 5. Permission to a person resident outside India to enter into a Foreign Exchange Derivative contract :- A person resident outside India may enter into a foreign exchange derivative contract with a person resident in India in accordance with provisions contained in Schedule II, to hedge an exposure to risk in respect of a transaction permissible under the Act, or rules or regulations or directions or orders made or issued thereunder.