NTF. NO. FEMA 105/2003-RB*, DT. 21/10/2003

Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Fourth Amendment) Regulations, 2003

G.S.R. 881 (E). - In exercise of the powers conferred by clause (h) of Sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 25/RB-2000 dated May 3, 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, as amended from time to time, namely:-

Short title and commencement

1. (i) These Regulations may be called the Foreign Exchange Management (Foreign Exchange Derivative Contracts; (Fourth Amendment) Regulations, 2003.

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

Amendment of the Regulations

2. In the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 in Schedule III, in paragraph 1, after the words `engaged in export-import trade' the words, `or as permitted by the Reserve Bank', shall be added.

Sd/-
Usha Thorat,
Executive Director

[No. l/23/EC/2000-Vol.II]

Foot Note: The Principal regulations were published in the Official Gazette vide No. G.S.R. 411 (E) dated May 8, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended vide No. G.S.R. 756(E) dated September 28, 2000 G.S.R No. 264(E) dated April, 9, 2002, G.S.R No. 579(E) dated August 19, 2002 No. G.S.R 222(E) dated March 18, 2003 and No. G.S.R 532(E) dated July 9, 2003 and No. G.S.R 880(E) dated November 11, 2003.

(Above Foot Note has been added vide Corrigendum G.S.R. 796(E)-RB, DT. 27/11/2004)

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