Notification
No.FEMA.124/2004-RB
dated October 16, 2004
Foreign Exchange
Management (Guarantees) (Amendment) Regulations, 2004
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 makes the following amendments to the Foreign
Exchange Management (Guarantees) Regulations, 2000, namely :
1. Short title and commencement
(i) These regulations may be called
the Foreign Exchange Management (Guarantees) (Amendment) Regulations,
2004.
(ii) They shall come into force from
October 16, 2004.@
2. Amendment of the Regulations
In the Foreign Exchange Management
(Guarantees) Regulations, 2000, in sub-regulation (3) to Regulation 4
after item (ii) the following item shall be inserted, namely :
"(iii) in favour of foreign
airlines/International Air Transport Association (IATA), on behalf of
IATA approved travel agents".
Sd/-
Shyamala Gopinath
Deputy Governor
Foot Note @ : (i) This has been
mentioned as the date on which the decision/s covered by the
Regulation/s became effective on the issue of A.P. (DIR Series) Circular
No.17 dated October 16, 2004.
(ii) The Principal Regulations were
published in the Official Gazette vide G.S.R.No.391(E) dated May 5, 2000
in Part II, Section 3, Sub-Section (i) and subsequently amended vide
G.S.R.No.575(E) dated August 19, 2002.
G.S.R.No.745(E) dated 16.11.2004
