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

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..... Mumbai-400 001 Notification 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 .....

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..... (DIR Series) Circular No.81 dated March 24, 2004. This 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 amend .....

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..... d February 9, 2005, for item No.1 in 'Foot Note' the following foot note shall be substituted, namely, '1: It is clarified that no person will be adversely affected as a result of retrospective effect being given to these regulations.' ( Vinay Baijal) Chief General Manager G.S.R. 41(E)/28.01.2006 - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanage .....

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