FEMA (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2012 - Amendment in Schedule II

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..... of the powers conferred by clause (h) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 (Notification No. FEMA 25/RB-2000, dated May 3, 2000), namely :- 1. Short Title and Commencement (i) These regu .....

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..... t (ASBA) mechanism, subject to such terms and conditions as may be stipulated by the Reserve Bank from time to time." (ii) after paragraph '4', the following new paragraph shall be inserted and the same shall be deemed to have come into force with effect from the 21st day of July 2011:- "5. A non-resident importer/exporter may enter in to a forward contract with rupee as one of the currencies or .....

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