FEMA - (Transfer or Issue of Security by a Person Resident Outside India) (Amendment) Regulations, 2012 - Amendment in regulation 5 - 222/2012 - Foreign Exchange Management

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 7 th March, 2012 FEMA - (Transfer or Issue of Security by a Person Resident Outside India) (Amendment) Regulations, 2012 - Amendment in regulation 5 NOTIFICATION NO. FEMA 222/2012-RB DATED 7-3-2012 G.S.R. 821(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) (Amendment) Regulations, 2012. (ii) These Regulations shall be deemed to have come into force with effect from April 12, 2010. 2. Amendment to Regulation 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 regulation 5, in sub-regulation (2), after the words " ....specified in Schedule 2 ", the following shall be inserted, namely:- "and the limits and margin requirements prescribed by RBI/SEBI as well as the stipulations regarding collateral securities as specified by the Reserve Bank from time to time." [No. FEMA 222/2012-RB] MEENA HEMCHANDRA, Chief General Manager-incharge Foot Note:- (i) The Principal Regulation were published in the Official Gazette vide No. G.S.R. 406(E) dated May 8, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended as under: G.S.R. 158(E) dated 02.03.2001 G.S.R. 175(E) dated 13.03.2001 G.S.R. 182(E) dated 14.03.2001 G.S.R. 4(E) dated 02.01.2002 G.S.R. 574(E), dated 19.08.2002 G.S.R. 223(E), dated 18.03.2003 G.S.R. 558(E), dated 22.07.2003 G.S.R. 835(E), dated 23.10.2003 G.S.R. 899(E), dated 22.11.2003 G.S.R. 12(E), dated 07.01.2004 G.S.R. 278(E) 23.04.2004 G.S.R. 454(E), dated 16.07.2004 G.S.R. 625(E), dated 21.09.2004 G.S.R. 799(E), dated 08.12.2004 G.S.R. 201(E), dated 01.04.2005 G.S.R. 202(E), dated 01.04.2005 G.S.R. 504(E), dated 25.07.2005 G.S.R. 505(E), dated 25.07.2005 G.S.R. 513(E), dated 29.07.2005 G.S.R. 738(E), dated 22.12.2005 G.S.R. 29(E), dated 19.01.2006 G.S.R. 413(E), dated 11.07.2006 G.S.R. 712(E), dated 14.11.2007 G.S.R. 713(E), dated 14.11.2007 G.S.R. 737(E), dated 29.11.2007 G.S.R. 575(E), dated 05.08.2008 G.S.R. 896(E), dated 30.12.2008 G.S.R. 851(E), dated 01.12.2009 G.S.R. 341(E), dated 21.04.2010 (ii) @ It is clarified that no person will be adversely affected as a result of retrospective effect being given to those Regulations.