Definition of Security - 223/2012-RB - Foreign Exchange Management

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 7 th March, 2012 Notification No. FEMA 223/2012-RB GSR 944(E)- In pursuance of clause (za) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999) (FEMA) , the Reserve Bank notifies Indian Depository Receipts (IDRs) as defined under clause (c) of sub-rule (i) of Rule 3 of Companies (Issue of Indian Depository Receipts) Rules, 2004 , as "security" for the purposes of FEMA. [No. 223/2012-RB] MEENA HEMCHANDRA, Chief General Manager-in-Charge