FOREIGN EXCHANGE MANAGEMENT (BORROWING AND LENDING IN RUPEES) REGULATIONS, 2000

 

 

 

v      SHORT TITLE AND COMMENCEMENT.

v      DEFINITIONS.

v      PROHIBITION ON BORROWING AND LENDING IN RUPEES.

v      BORROWING IN RUPEES BY PERSONS OTHER THAN COMPANIES IN INDIA.

v      BORROWING IN RUPEES BY INDIAN COMPANIES.

v      RESTRICTION ON USE OF BORROWED FUNDS.

v      LOANS IN RUPEES TO NON-RESIDENTS

v      PROVIDING HOUSING LOAN IN RUPEES TO A NON-RESIDENT.

v      RUPEE LOANS TO NRI/PIO EMPLOYEES OF INDIAN BODY CORPORATE.

v      CONTINUANCE OF RUPEE LOAN/OVERDRAFT TO RESIDENT WHO BECOMES A PERSON RESIDENT OUTSIDE  INDIA.

v      CONTINUANCE OF RUPEE LOAN IN THE EVENT OF CHANGE IN THE RESIDEN­TIAL STATUS OF THE LENDER.

v      OVERDRAFT IN RUPEE ACCOUNT MAINTAINED WITH AUTHORISED DEALER IN INDIA BY A BANK OUTSIDE INDIA.