Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017

Reserve Bank of India

Foreign Exchange Department

Central Office

Mumbai – 400 001

Notification No. FEMA.385/2017-                                                                  RB March 03, 2017

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017

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 (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA. 20/2000-RB dated 3rd May 2000) namely:-

For complete article please refer the below link:-

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT38585C73529F13249EA924ABF50F43B6835.PDF