SCH I - Regulation 3(1)(A) - Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000

SCHEDULE I [ See Regulation 3 (1) (A)] Classes of capital account transactions of Persons resident in India (a) Investment by a person resident in India in foreign securities. (b) Foreign currency loans raised in India and abroad by a person resident in India. (c) Transfer of immovable property outside India by a person resident in India. (d) Guarantees issued by a person resident in India in favour of a person resident outside India. (e) Export, import and holding of currency/currency notes. (f) Loans and overdrafts (borrowings) by a person resident in India from a person resident outside India. (g) Maintenance of foreign currency accounts in India and outside India by a person resident in India. (h) Taking out of insurance policy by a person resident in India from an insurance company outside India. (i) Loans and overdrafts by a person resident in India to a person resident outside India. (j) Remittance outside India of capital assets of a person resident in India. 1 [ (k) Undertake derivative contracts. ] ****************** NOTES:- 1 . Substituted vide Notification No. G.S.R. 162(E). 26-02-2019 , w.e.f. 26-02-2019 before it was read as, (k) Sale and purchase of foreign exchange derivatives in India and abroad and commodity derivatives abroad by a person resident in India.