TMI BlogOmittedX X X X Extracts X X X X X X X X Extracts X X X X ..... before it was read as, forward contracts once cancelled shall not be rebooked but may be rolled over on or before the maturity, 6. Inserted vide Notification No. FEMA 226/2012-RB], Dated 16-3-2012 7. Inserted vide Notification No. FEMA 226/2012-RB], Dated 16-3-2012 8. Inserted vide NOTIFICATION No. FEMA. 260/2013-RB dated 18/02/2013 with effect from July 16, 2012. 9. Inserted vide NOTIFICATION No. FEMA. 260/2013-RB dated 18/02/2013 with effect from July 16, 2012. 10. Inserted vide NOTIFICATION No. FEMA. 260/2013-RB dated 18/02/2013 with effect from December 29, 2011. 11. Inserted vide Not. 384/RB-2017 - Dated 17-3-2017 12. Inserted vide NOTIFICATION G.S.R. 161(E) dated 26-02-2019 13. Omitted vide No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the Reserve Bank from time to time. ] 2. A non-resident Indian may enter into forward contract with rupee as one of the currencies, with an authorised dealer in India to hedge; (a) the amount of dividend due to him/it on shares held in an Indian company; (b) the balances held in Foreign Currency Non-Resident (FCNR) account or Non-Resident External Rupee (NRE) account, (c) the amount of investment made under portfolio scheme in accordance with the provisions of the Foreign Exchange Regulation Act, 1973 or under notifications issued thereunder or is made in accordance with the provisions of the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ect Investment in India, may enter into a foreign currency-rupee option contract with an authorised dealer in India, under the same terms and conditions applicable to forward contracts. 7 [ 5. A non-resident importer/exporter may enter in to a forward contract with rupee as one of the currencies or a foreign currency - rupee option contract with an Authorised Dealer in India to hedge the currency risk in respect of exports from and imports to India, invoiced in Indian Rupees, subject to such terms and conditions as may be stipulated by the Reserve Bank from time to time. ] 10 [6. A non-resident may enter in to a forward contract with rupee as one of the currencies or a foreign currency - rupee option contract or a foreign curre ..... X X X X Extracts X X X X X X X X Extracts X X X X
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