Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(First Amendment) Regulations, 2003

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..... ve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA 85/2003-RB dated January 17, 2003 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. 225(E) In exercise of the powers conferred by clause(b) of sub-section(3) of Section 6 and Section 47 of the Fore .....

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..... ed to as 'the Principal Regulations') in Regulation 5, after Sub-Regulation (5), the following Sub-Regulations shall be added, namely- '(6) A registered Foreign Institutional Investor (FII) having valid approval under FERA,1973 or under FEMA, 1999 may trade in all exchange traded derivative contracts approved by SEBI from time to time subject to the limits as prescribed in by SEBI. (7) A Non-Resid .....

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