Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2003 - 100/2003 - Foreign Exchange Management

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India ) (Third Amendment) Regulations, 2003 RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 NOTIFICATION NO. FEMA 100 /2003-RB DATED October 3, 2003 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 23.10.2003 - G.S.R. No. 835(E) In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6, Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 20/2000- RB dated 3 rd May, 2000, as amended from time to time, the Reserve Bank of India makes the following Regulations to amend the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, namely: - Short Title and commencement: - 1. (i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2003. (ii) They shall come into force from the date of their publication in the Official Gazette. Amendment of the Regulations:- 2. In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, i. in Regulation 2, after clause (ii) the following clause shall be inserted, '(iia) 'entity incorporated outside India' means an entity incorporated/registered under the relevant statutes, laws of the host country'. ii. in Regulation 5, sub-regulation (1),for the words 'or an entity outside India, whether incorporated or not,' the words 'or an entity incorporated outside India,' shall be substituted. Usha Thorat Executive Director G.S.R. 835(E) dated 23.10.2003 Foot-note : The Principal Regulations were published in the Official Gazette vide G.S.R.No.406(E) dated May 8, 2000 in Part II, Section 3, Sub-Section (i) and subsequently amended vide G.S.R.No.158(E) dated March 2, 2001, G.S.R.No.175(E) dated March 13, 2001, G.S.R.No.182(E) dated March 14, 2001, G.S.R.No.4(E) dated January 1, 2002, G.S.R.No.574(E) dated August 19, 2002, G.S.R.No.223(E) dated March 18, 2003, G.S.R.No.225(E) dated March 18, 2003 and G.S.R.No.558(E) dated July 22, 2003. That as rectified and modified as aforesaid, the Principal Regulations shall remain in full force and effect. G.S.R.No.715(E)/29.10.2004