Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2005

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..... fication No. FEMA 127 /2005- Dated January 5, 2005 In exercise of the powers conferred by clause (d) of sub-section 3 of Section 6 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999), and in partial modification of its Notification No. FEMA 3/2000-RB dated May 3, 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in Fo .....

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..... his circular was issued to rationalise and monitor the total overseas borrowings including External Commercial Borrowings of banks that are authorised to deal in foreign exchange. 2. The Principal Regulations were published in the Official Gazette vide G.S.R.386(E) dated May 5, 2000 in Part (II), Section 3, sub-section (i) and subsequently amended vide G.S.R. No.674(E) dated August 5, 2000, G.S.R .....

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