Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Amendment) Regulations, 2007

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .S.R. 712(E) [FEMA 166/2007-RB], DATED 17-10-2007 In exercise of the powers conferred by clause ( b ) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of .1999) , the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 20 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... blished in a country outside India and entrusted with the responsibility of carrying out central bank functions under the law for the time being in force in that country." ( ii ) In Regulation 5, for sub-regulation (4) the following sub-regulation shall be substituted, namely :— "(4) A non-resident Indian or a registered FII or a Foreign Central Bank may purchase securities, other than share .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X