Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2015 - 360/2015-RB - Foreign Exchange Management

RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) NOTIFICATION No. FEMA.360/2015-RB Mumbai, the 17th December, 2015 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2015 G.S.R. 983(E) .-In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and 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 (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 ( Notification No. FEMA. 20/2000-RB, dated 3rd May, 2000 ) namely:- 1. Short Title Commencement (i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2015. (ii) They shall come into force from the date of its publication in the Official Gazette. 2. Amendment of Schedule 5 In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 , ( Notification No.FEMA 20/2000-RB, dated 3rd May, 2000 ), in Schedule 5 , (A) In paragraph 1, after clause (l) and before the existing proviso, the following shall be inserted, namely: (m) security receipts issued by securitization companies subject to conditions as specified by Reserve Bank of India and/or Securities and Exchange Board of India (B) In paragraph 1B, in clause (iii), after sub-clause (k), the following shall be inserted, namely: (l) security receipts issued by securitization companies subject to conditions as specified by Reserve Bank of India and/or Securities and Exchange Board of India. (C) In paragraph 1C, in clause (l), after sub-clause (l), the following shall be inserted, namely: (m) security receipts issued by securitization companies subject to conditions as specified by Reserve Bank of India and/or Securities and Exchange Board of India. [No. 10/07/ECB-2014] B. P. KANUNGO, Principal Chief General Manager