Purchase and sale of foreign security by a person resident in India

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..... person resident in India A person resident in India- (a) may purchase a foreign security out of funds held in Resident Foreign Currency (RFC) account maintained in accordance with the Foreign Exchange Management (Foreign Currency Accounts) Regulations, 2000; (b) may acquire bonus shares on the foreign securities held in accordance with the provisions of the Act or rules or regulations made thereu .....

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