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TMI BlogForeign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2009X X X X Extracts X X X X X X X X Extracts X X X X ..... irs) (E.M. Section) (RESERVE BANK OF INDIA ) (FOREIGN EXCHANGE DEPARTMENT) (Central Office) NOTIFICATION Mumbai, the 17th June, 2009 No. FEMA, 194/2009-RB Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2009 G.S.R. 547(E). - In exercise of the powers conferred by clause (d) of sub-section (3) of Secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erred to as 'the principal regulations') (A) In Schedule I in paragraph (1).- (a) in sub-paragraph (iv) (i) for clause AA, the following shall be substituted and shall be deemed to have been substituted with effect from 29th day of May, 2008, namely:- "(AA) Borrowings in foreign exchange per borrower company per financial year up to such amounts not exceeding US Dollars 500 million or i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h effect from 22nd day of October, 2008, namely : - "(ix) Parking of loan amount The proceeds of borrowings in foreign exchange availed under the schedule may, pending utilisation for permissible end-uses be parked abroad or in India as directed by the Reserve Bank from time to time". (B) In Schedule II, in paragraph (3) in sub-paragraph (iii) (i) in sub-paragraph (A) in clause (a) fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ses as indicated by Reserve Bank from time to time". (iii) for sub-paragraph (viii), the following shall be substituted and shall be deemed to have been substituted with effect from the 22nd day of October, 2008, namely :— "Parking of loan amount The proceeds of borrowings in foreign exchange availed under the schedule may, pending utilisation for permissible end-uses, be parked abroad or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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