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

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..... Central Office Mumbai-400 001 Notification No.FEMA.88/2003-RB April 1, 2003 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 14.05.2003 - G.S.R. No. 399(E) In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), a .....

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..... Investment in Equity of Companies Registered Overseas A person resident in India, being an individual or a listed Indian company or a mutual fund registered in India, may invest in the shares of an overseas company which is listed on a recognised stock exchange and has a share holding in its name of not less than 10% in any listed Indian company as on 1 st January of the year of investmen .....

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