Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2018 - 20(R)(2)/2018-RB - Foreign Exchange Management

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) (CENTRAL OFFICE) NOTIFICATION No. FEMA. 20(R)(2)/2018-RB Mumbai, the 1st June, 2018 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2018 G.S.R. 520(E).- In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 read with section 47 of the Foreign Exchange Management Act, 1999, Reserve Bank of India hereby notifies that proviso (ii) to sub-regulation (1) of regulation 10 and proviso (ii) to sub-regulation (2) of regulation 10 of the Foreign Exchange Management (Transfer or Issue of Security by a person resident outside India) Regulations, 2017 , shall come into force with effect from June 02, 2018. [F. No. 1/22/EM/2016 (Part-I)] SHEKHAR BHATNAGAR, Chief General Manager-in-Charge Foot Note : The Principal Regulations were published in the Official Gazette vide G.S.R. No. 1374(E) dated November 07, 2017 in Part II, Section 3, Sub-section (i) and subsequently amended as under G.S.R. No. 279(E), dated 26.03.2018.