Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2009

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..... rtment) (CENTRAL OFFICE) NOTIFICATION No. FEMA. 183/2009-RB Mumbai, the 20th January, 2009 Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2009 G.S.R. 107(E). - In exercise of the powers conferred by clause (e) 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 .....

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..... shares on or after 30th day of April, 2007 other than those which are fully and mandatorily convertible into equity within a specified time and issue of convertible debentures on or after 7th day of June, 2007, other than those which are fully and mandatorily convertible into equity within a specified time, to a person resident outside India, shall be considered as debt and shall accordingly conf .....

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