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Home Acts & Rules FEMA Regulation Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 This

Foreign Exchange Management (Borrowing and Lending) Regulations, 2018

Regulation 1 : Short Title and Commencement
Regulation 2 : Definitions
Regulation 3 : Prohibition to Borrow or Lend
Regulation 4 : Borrowing from outside India in Foreign Exchange by a Person Resident in India
Regulation 5 : Lending in Foreign Exchange by a Person Resident in India
Regulation 6 : Borrowing in Indian Rupees by a Person Resident in India
Regulation 7 : Lending in Indian Rupees by a Person Resident in India
Regulation 7A : Borrowing and lending by persons resident outside India
Regulation 8 : Continuation of loan in the event of change in the residential status of the lender/borrower
Regulation 9 : Due date of repayment
SCHEDULE I : Borrowings from outside India by a person resident in India [See Regulations 4(A)(iv), 4(B)(i), 4(B)(iv), 6(A), 6(B)(i), 6(B)(vii)]
SCHEDULE II : Trade Credit for Imports [See Regulations 4(B)(ii) & 6(B)(iii)]
SCHEDULE III : Lending to borrowers outside India by a person resident in India [See Regulations 5(A)(i), 5(B)]
 
 
 
 

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