Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2003

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..... TRAL OFFFICE MUMBAI-400 001 Notification No.FEMA.82/2003-RB Dated the January 10, 2003 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 09.07.2003 - G.S.R. No. 533(E) In exercise of the powers conferred by clause (d) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Managem .....

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..... ed, namely:- '(vii) An authorized dealer may grant foreign currency loans in India against the security of funds held in FCNR (B) account to the account holder only, subject to the guidelines issued by the Reserve Bank in this regard'. (K.J. Udeshi) Executive Director Foot-note : The Principal Regulations were published in the Official Gazette vide G.S.R.No.386(E) dated May 3, 2000 in .....

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