Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Seventh Amendment) Regulations, 2003

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..... nt Central Office Mumbai-400 001 Notification No.FEMA.79/2002-RB January 15, 2003 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 16.01.2003 - G.S.R. No. 34(E) In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management A .....

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..... y :- 'provided that in respect of commitment in Joint Ventures/Wholly Owned Subsidiaries in Myanmar and SAARC countries (other than Nepal, Bhutan and Pakistan) the total commitment shall not exceed US$ 150 million or equivalent in any one financial year.' (b) in clause (ii), for the words and figures 'Rupees 350 crores' the words and figures 'Rupees 700 crores' shall be substituted. K. J. U .....

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