9911796707
TMI BlogFEMA (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2012 - Amendment in Schedules I and IIX X X X Extracts X X X X X X X X Extracts X X X X ..... 610(E), - In exercise of the powers conferred by clause (d) of sub-section (3) of section 6 and sub-section (2) of section 47 or the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 (Notification No. FEMA 3/2000-RB, dated May 3, 2000), n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aged in micro-finance activities may borrow in foreign exchange under this Schedule under such terms and conditions as specified by the Reserve Bank from time to time : Provided that they have not at any time violated any of the provisions of these regulations and no investigation is pending against them for contravention of the provisions of these regulations under the Act." (b) for clause (b), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xceeding USD 20 Million or equivalent and Not less than 5 years upto USD 750 Million or equivalent Note - Borrowing up to US$ 20 Million can have call/put option provided the minimum average maturity of 3 years as prescribed above is complied with before exercising call/put option." (B) In Schedule II, for sub-paragraph (iv), in paragraph (3), the following shall be substituted and shall be dee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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