Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2013 - 256/2013-RB - Foreign Exchange Management

RESERVE BANK OF INDIA (Foreign Exchange Department) CENTRAL OFFICE MUMBAI 400 001 NOTIFICATION No. FEMA. 256/2013-RB Dated 6th February, 2013 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2013 G.S.R.125(E).- In exercise of the powers conferred by clause (d) of sub-section (3) of Section 6, and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) , the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 ( Notification No. FEMA 3/2000-RB dated May 3, 2000 ), namely :- 1. Short title and commencement : (a) These Regulations may be called the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2013 (b) They shall come into force from the date of their publication in the Official Gazette. 2. Amendment of the Schedule I In the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 ( Notification No, FEMA 3/2000-RB dated May 3, 2000 ) (hereinafter referred to as the principal regulations ), in Schedule 1, in paragraph (1), in sub-paragraph (i), the provision after each of the clause (a), (b) and (c) shall be substituted by the following :- "provided in case the entity is under investigation/ adjudications/appeals by the law enforcing agencies, for violation of any of the provision of the regulations under the Act, it shall indicate to the Authorized Dealers (ADs) about pendency of investigations/adjudications/appeals, while availing foreign currency borrowing." [No. FEMA. 256/2013-RB] Dr. SUJAT14A ELIZABETH PRASAD, Chief General Manager-in-Charge Foot Note : 1. The Principal Regulations were published in the Official Gazette vide No. GS.R. 386(E), dated May 5, 2000 in Part II, Section 3, sub-section (i) and subsequently amended vide : i. No. G.S.R. 674(E), dated August 25, 2000 ii. No. GS.R. 476(E), dated July 8, 2002 iii. No. G. S.R. 854(E), dated December 31, 2002 iv. No. G.S.R. 531(E), dated July 9, 2003 v. No. G.S.R. 533(E), dated July 9, 2003 vi. No. GS.R. 208(E), dated March 23, 2004 vii. No. G.S.R. 825(E), dated December 22, 2004 viii. No. G.S.R. 60(E), dated February 9, 2005 ix. No. G.S.R. 739(E), dated December 22, 2005 x . No. G.S.R. 663(E), dated October 16, 2007 xi. No. G.S.R. 61(E), dated January 30, 2009 xii. No. G.S.R. 547(E), dated July 27, 2009 xiii. No. GS.R. 836(E), dated November 23, 2009 xiv. No. G.S.R. 610(E), dated August 3, 2012 xv. No. GS.R. 832(E), dated November 17, 2012 xvi. No. G.S.R. 886(E), dated December 11, 2012 xvii No. GS.R. 916(E), dated December 21, 2012