Transfer by way of sale of shares of a JV/WOS

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..... Or Issue of Any Foreign Security) Regulations, 2000 - Act-Rules - Has been superseded vide Notification No. 120/2004 dated 7/7/2004 16. Transfer by way of sale of shares of a JV/WOS Save as otherwis .....

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..... ualification shares or rights shares in a company incorporated outside India acquired in terms of clauses (a) and (c) of Regulation 21 may sell such shares without prior approval. ******************** .....

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