Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Fourth Amendment) Regulations, 2004 - 122/2004 - Foreign Exchange Management

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Fourth Amendment) Regulations, 2004 MINISTRY OF FINANCE (Department of Economic Affairs) (RESERVE BANK OF INDIA) (Foreign Exchange Department) (Central Office) NOTIFICATION Mumbai, the 30 th August 2004 No.FEMA.122/2004-RB G.S.R.625(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), and in partial modification of its Notification No.FEMA.20/2000-RB dated 3 rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, as amended from time to time, 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) (Fourth Amendment) Regulations, 2004. (2) They shall come into force on the 30 th day of August, 2004. Amendment of the Regulations 2. In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, A. Regulation 2(vii a) shall be substituted as under : 'NRI shall have the same meaning assigned to him under the Foreign Exchange Management (Deposit) Regulations, 2000.' B. In Regulation 5 in sub-regulation (1), the words 'or Sri Lanka' shall be deleted. [No.1/23/EM/2000-Vol.III] SHYAMALA GOPINATH, Executive Director RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI. dated July 22, 2005 C O R R I G E N D U M In the Notification No.FEMA.122/2004-RB dated August 30, 2004 of Reserve Bank of India, Foreign Exchange Department, Central Office published in the Gazette of India Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R.No.625(E) dated September 21, 2004, the "Foot Note" occurring at the end shall be numbered as "Foot Note No.1" and the following shall be inserted at the end of the said "Foot Note No.1", namely, "Foot-note No.2: It is clarified that no person will be adversely affected as a result of retrospective effect being given to these regulations." ( Vinay Baijal) Chief General Manager G.S.R.No.514(E)/29.07.2005