Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2009

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..... hange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2009 G.S.R.108(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 Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issu .....

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..... e Board of India approved clearing corporation of stock exchanges and their clearing members may, subject to the guidelines issued by the SEBI from time to time: (i) open and maintain demat accounts with foreign depositories and acquire, hold, pledge and transfer the foreign sovereign securities, offered as collateral by FIIs; (ii) remit the proceeds arising from corporate action, if any, on suc .....

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