RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
CENTRAL OFFICE
MUMBAI
Notification No. FEMA. 269/2013-RB
March 11, 2013
Foreign Exchange Management (Guarantees)
(Third Amendment) Regulations, 2013
In exercise of the powers conferred by clause (j) 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 of India hereby makes the following
amendments in the Foreign Exchange Management (Guarantees) Regulations, 2000
(Notification No. FEMA 8/2000-RB dated May 3, 2000) (hereinafter referred to as
'the Principal Regulations'), namely:-
1. Short title and commencement
(a) These Regulations may be called the Foreign Exchange Management (Guarantees)
(Third Amendment) Regulations, 2013.
(b) They shall come into force from the date of their publication in the
Official Gazette.
2. Amendment of the Regulations :
In the Principal Regulations, in Regulation 3A, in the Proviso, for the words,
“a company resident in India engaged exclusively in development of
infrastructure (infrastructure defined by the Reserve Bank from time to time in
this regard) and infrastructure financial companies, as categorized by Reserve
Bank from time to time,”, the words “a person resident in India who is eligible
to raise foreign currency loan under sub-regulation (1) of Regulation 6 of
Foreign Exchange Management (Borrowing or Lending in Foreign Exchange)
Regulations, 2000 read with Schedule I thereto,” shall be substituted.
( Rudra Narayan Kar )
Chief General Manager-in-Charge
Foot Note:
(i) The Principal Regulations were published in the Official Gazette vide No.
G.S.R. No.391 (E) dated May 5, 2000 in Part II, Section 3, Sub-Section (i) and
subsequently amended vide :
- No. G.S.R.575 (E) dated 19/08/2002
- No. G.S.R.745 (E) dated 16/11/2004
- No. G.S.R.61 (E) dated 09/02/2005
- No. G.S.R.196 (E) dated 14/03/2007
- No. G.S.R.300 (E) dated 01/05/2009
- No. G.S.R.298 (E) dated 01/05/2009
- No. G.S.R.634(E) dated 27/07/2010
- No.G.S.R.914(E) dated 21.12.2012
- No. G.S.R. ______ dated _________
- No. G.S.R.917(E) dated 21/12/2012
- No. G.S.R.______ dated _________
- No. G.S.R.______ dated _________