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TMI BlogForeign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eighth Amendment) Regulations, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... hereby makes the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 ( Notification No. FEMA. 20/2000-RB dated 3 rd May 2000 ) namely:- 1. Short Title Commencement (i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Eighth Amendment) Regulations, 2013. (ii) They shall come into force from April 1, 2013. 2. Amendment of Schedule 5 In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 , ( Notification No. FEMA 20/2000-RB dated 3 rd May 2000 ), in Schedule 5, (A) In paragraph 1, (i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lls; (b) commercial papers issued by an Indian company ; (c) Security Receipts issued by Asset Reconstruction Companies provided that the total holding by an individual QFI in each tranche of scheme of Security Receipts shall not exceed 10 per cent of the issue and the total holdings of all eligible investors put together shall not exceed 49 per cent of the paid up value of each tranche of scheme of Security Receipts issued by the Asset Reconstruction Companies; (d) Perpetual Debt instruments eligible for inclusion as Tier I capital and Debt capital instruments as upper Tier II capital issued by banks in India to augment their capital (Tier I capital and Tier II capital as defined by Reserve Bank, and modified from time to time) provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he following securities, subject to the terms and conditions as specified by the SEBI and the Reserve Bank from time to time, namely: (a) dated Government securities/ treasury bills; (b) commercial papers issued by an Indian company ; (c) units of domestic mutual funds; (d) listed non-convertible debentures/bonds issued by an Indian company; (e) listed and unlisted non-convertible debentures/bonds issued by an Indian company in the infrastructure sector, where infrastructure is defined in terms of the extant ECB guidelines; (f) non-convertible debentures/bonds issued by Non-Banking Finance Companies categorized as Infrastructure Finance Companies (IFCs) by the Reserve Bank ; (g) Security Receipts issued by Asset Reconstruct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... / buyback those securities from the long term investors in such an eventuality. (D) In paragraph 2, in sub-paragraph (1A), the clause (iv) shall be substituted with the following, namely "(iv) bonds / units issued by Infrastructure Debt Funds." (Rudra Narayan Kar) Chief General Manager in- Charge The Principal Regulations were published in the Official Gazette vide G.S.R. No.406 (E) dated May 8, 2000 in Part II, Section 3, sub-Section (i) and subsequently amended as under:- G.S.R.No. 158(E) dated 02.03.2001 G.S.R.No. 175(E) dated 13.03.2001 G.S.R.No. 182(E) dated 14.03.2001 G.S.R.No. 4(E) dated 02.01.2002 G.S.R.No. 574(E) dated 19.08.2002 G.S.R.No. 223(E) dated 18.03.2003 G.S.R.No. 225(E) dated 18.03.2003 G ..... X X X X Extracts X X X X X X X X Extracts X X X X
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