{"id":248972,"date":"2021-05-31T12:10:38","date_gmt":"2021-05-31T06:40:38","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=248972"},"modified":"2021-05-31T12:10:38","modified_gmt":"2021-05-31T06:40:38","slug":"foreign-exchange-management-borrowing-and-lending-amendment-regulations-2021-comes-into-force","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/31\/foreign-exchange-management-borrowing-and-lending-amendment-regulations-2021-comes-into-force\/","title":{"rendered":"Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021 comes into force"},"content":{"rendered":"<p style=\"text-align: justify;\">Reserve Bank of India has notified Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021 vide notification dated May 24, 2021. The Notification makes the following amendment in regulation 7A of <span dir=\"ltr\">Foreign Exchange Management <\/span><span dir=\"ltr\">(Borrowing and Lending) Regulations, 2018, <\/span>after clause (ii) following clause has been inserted:<\/p>\n<p style=\"text-align: justify; padding-left: 40px;\"><em>\u201c<span style=\"color: #000080;\">iii) An AD in India may lend to a person resident outside India for making margin payments in respect of settlement of transactions involving Government Securities by the person resident outside India, subject to such terms and conditions as may be specified by the Reserve Bank.<\/span><\/em><\/p>\n<p style=\"text-align: justify; padding-left: 40px;\"><span style=\"color: #000080;\"><em>Explanation: The expression \u2018Government Security\u2019 shall have the same meaning as assigned to it in Section 2(f) of Government Securities Act, 2006, and the word \u2018securities\u2019 shall be construed accordingly.\u201d<\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Read the <span dir=\"ltr\">Foreign Exchange Management <\/span><span dir=\"ltr\">(Borrowing and Lending) Regulations, 2018<\/span> <a href=\"http:\/\/www.scconline.com\/DocumentLink\/sAT8j863\">HERE<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has put this story together.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India has notified Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021 vide notification dated May 24, 2021. The <\/p>\n","protected":false},"author":121,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-248972","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021 comes into force | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/31\/foreign-exchange-management-borrowing-and-lending-amendment-regulations-2021-comes-into-force\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021 comes into force\" \/>\n<meta property=\"og:description\" content=\"Reserve Bank of India has notified Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021 vide notification dated May 24, 2021. 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