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TMI BlogForeign Exchange Management (Transfer of Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... h January, 2013 Foreign Exchange Management (Transfer of Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2013 G.S.R. 344 (E) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... et Reconstruction Companies 17.1 Asset Reconstruction Company (ARC) means a company registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security interest Act, 2002 (SARFAESI Act) 74% of paid-up capital of ARC (FDI FII) Government 17.2 Other Conditions: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pts issued by the ARCs. (iv) Any individual investment of more than 10% would be subject to provisions of section 3(3) (F) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 4. Amendment to Schedule 5 In Paragraph 1, the existing clause (e) shall be substituted as under : (e) Security Receipts issued by Asset Reconstruction C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted 23.10.2003 G. S. R. No. 899(E) dated 22.11.2003 G.S.R.No. 12 (E)dated07.01.2004 G.S.R.No.278(E)dated23.04.2004 G.S.R.No.454(E)dated 16.07.2004 G.S.R.No.625(E) dated 21.09.2004 G.S.R.No. 799(E) dated 08.12.2004 G.S.R.No. 201(E) dated 01.04.2005 G.S.R.No. 202(E) dated 01.04.2005 G.S.R.No. 504(E) dated 25.07.2005 G.S.R.No. 505(E) dated 25.07.2005 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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