Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2009 - ആർബിഐ - Reserve Bank of India
Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2009
Reserve Bank of India Notification No. FEMA 196 / 2009-RB dated July 28, 2009 Foreign Exchange Management (Transfer or Issue of Any In exercise of the powers conferred by clause (a) 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 Any Foreign Security) Regulations, 2004 (Notification No. FEMA.120/RB-2004 dated July 7, 2004) namely:- 1. Short Title & Commencement : -(i) These Regulations shall be called the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2009. 2. Amendment of Regulation 7 :- In the principal Regulations, in Regulation 7, for sub-regulation (1), the following shall be substituted, namely :- "(1) Subject to the Regulations in Part I, an Indian Party engaged in financial services sector in India may make investment in an entity outside India: Provided that the Indian party
(Salim Gangadharan) Foot Note: (i) The Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 were published in the Official Gazette vide G.S.R.No.757 (E) dated November 19, 2004 and subsequently amended vide G.S.R. No. 220 (E) dated April 7, 2005, G.S.R. No. 337 (E) dated May 27, 2005, G.S.R. No. 552 (E) dated August 31, 2005 , G.S.R. No. 535 (E) dated September 6, 2006, G.S.R. No. 13 (E) dated January 5, 2008, G.S.R. No. 209 (E) dated March 25, 2008, G.S.R. No. 676 (E) dated September 24, 2008, G.S.R. No. 756 (E) dated October 31, 2008, G.S.R. No. 108(E) dated February 20, 2009 G.S.R. No. 301 (E) dated May 1, 2009 G.S.R. No. 441(E) dated June 23, 2009
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