Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2013

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..... ange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2013 G.S.R. 596(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 Foreign Exchange Management (Tran .....

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..... stments through internal accruals are permissible by an Indian company engaged only in activity of investing in the capital of another Indian company/ies, subject to the provisions of sub-paragraph subject to the provisions above and as also elaborated below:", the words "Downstream investments through internal accruals are permissible by an Indian company, subject to the provisions of clause (i) .....

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..... 1.09.2004 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 G.S.R. No. 513(E) dated 29.07.2005 G.S.R. No. 738(E) dated 22.12.2005 G.S.R. No. 29(E) dated 19.01.2006 G.S.R. No. 413(E) dated 11.07.2006 G.S.R. No. 712(E) dated 14.11.2007 G.S.R. No. 713(E) dated 14.11. .....

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