Foreign Exchange Management ( Transfer or Issue of Security by a Person Resident outside India)( Second Amendment) Regulations, 2002

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..... Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA/76 /2002-RB dated 12 th November 2002 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 18.03.2003 - G.S.R. No. 223(E) In exercise of the powers conferred by clause(b) of sub-section(3) of Section 6 and Section .....

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..... ply for issue of additional shares, and the investee company may allot the same subject to the condition that the overall issue of shares to non-residents in the total paid-up capital does not exceed the sectoral cap'. (ii) The existing sub-regulation 2(ii) and 2(iii) of Regulation 6, may be renumbered as Sub-Regulation 2(iii) and 2(iv) respectively. G.S.R.223(E) K.J.Udeshi Executive Dir .....

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