Notification No. FEMA. 286/2013-RB dated 05-09-2013

RESERVE BANK OF INDIA

FOREIGN EXCHANGE DEPARTMENT

CENTRAL OFFICE

MUMBAI-400 001

Notification No. FEMA. 286/2013-RB

Dated : September 05, 2013

Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Fourth Amendment) Regulations, 2013

In exercise of the powers conferred by Clause (d) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, (Notification No. FEMA 3/RB-2000 dated May 3, 2000 ), namely:-

1. Short Title & Commencement

(i) These Regulations may be called the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Fourth Amendment) Regulations, 2013.

(ii) They shall come into force from the date of their publication in the Official Gazette.

2. Amendment of Regulation 4

In the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 (Notification No. FEMA 3/2000-RB dated May 3, 2000 ), in Regulation 4, in sub-regulation (2), in clause (i), for the words "fifty percent", the words "hundred percent or such other limit as decided by the Reserve Bank, from time to time" shall be substituted.

(Rudra Narayan Kar)

Chief General Manager–in-Charge

Foot Note:

The Principal Regulations were published in the Official Gazette vide No. G.S.R. No.386 (E) dated May 5, 2000 in Part II, Section 3, sub-section (i) and subsequently amended vide:

1. No. G.S.R.674 (E) dated August 25,2000
   


2. No. G.S.R.476 (E) dated July 8,2002
   


3. No. G.S.R.854 (E) dated December 31,2002
   


4. No. G.S.R.531 (E) dated July 9,2003
   


5. No. G.S.R.533 (E) dated July 9,2003
   


6. No. G.S.R.208 (E) dated March 23,2004
   


7. No. G.S.R.825 (E) dated December 22,2004
   


8. No. G.S.R.60 (E) dated February 9,2005
   


9. No. G.S.R.739 (E) dated December 22,2005
   


10. No. G.S.R.663 (E) dated October 16,2007
    


11. No. G.S.R.61 (E) dated January 30,2009
    


12. No. G.S.R.547(E) dated July 24, 2009
    


13. No. G.S.R. 836(E) dated November 23, 2009
    


14. No. G.S.R.No.610 (E) dated August 03, 2012
    


15. No. G.S.R.No.832(E) dated November 17, 2012
    


16. No. G.S.R.No.886 (E) dated December 11, 2012
    


17. No. G.S.R. No.916 (E) dated December 21, 2012
    


18. No. G.S.R. No.125(E) dated February 26, 2013
    


19. No. G.S.R. No.384(E) dated June 20, 2013.
    


20. No. G.S.R. No.______ dated ___________