Foreign Exchange Management (Foreign exchange derivative contracts) (Fourth Amendment) Regulations, 2003 - 105/2003 - Foreign Exchange Management

Foreign Exchange Management (Foreign exchange derivative contracts) (Fourth Amendment) Regulations, 2003 MINISTRY OF FINANCE (Department of Economic Affairs) (RESERVE BANK OF INDIA) (Exchange Control Department) (Central Office) NOTIFICATION Mumbai, the 21 st October 2003 No.FEMA.105/2003-RB Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 11.11.2003 - G.S.R. No. 881(E) G.S.R.881(E)-- In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999) and in partial modification of its Notification No.FEMA.25/RB-2000 dated May 3, 2000, the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Foreign exchange derivative contracts) Regulations, 2000, as amended from time to time, namely : 1. Short title and commencement (i) These Regulations may be called the Foreign Exchange Management (Foreign exchange derivative contracts) (Fourth Amendment) Regulations, 2003. (ii) They shall come into force from the date of their publication in the Official Gazette. 2. Amendment of the Regulations In the Foreign Exchange Management (Foreign exchange derivative contracts) Regulations, 2000, in Schedule III, in paragraph 1, after the words 'engaged in export-import trade' the words, 'or as permitted by the Reserve Bank', shall be added. [No.1/23/EC/2000-Vol.III] USHA THORAT, Executive Director Foot-note : 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 G.S.R. No. 756(E) dated September 28, 2000, G.S.R. No. 264(E) dated April 9, 2002, G.S.R. No. 579(E) dated August 19, 2002, G.S.R. No. 222(E) dated March 18, 2003, G.S.R. No. 532(E) dated July 9, 2003 and G.S.R. No. 880(E) dated November 11, 2003.' That as rectified and modified as aforesaid, the Principal Regulations shall remain in full force and effect. G.S.R. No. 796(E)/07.12.2004