Foreign Exchange Management (Transfer Or Issue Of Security By A Person Resident Outside India) (Seventeenth Amendment) Regulatio.pdf

FEMA330NT120115F.pdf
Preview of Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) (Seventeenth Amendment) Regulatio
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👤 Author: navodita
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Summary

The Reserve Bank of India has issued a notification, FEMA.330/2014-RB, dated December 15, 2014, amending the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000. The amendments include the insertion of new clauses defining 'Domestic Custodian' and 'Depository Receipt', substitution of Regulation 13 with new regulations regarding the issue of Depository Receipts, and amendments to Schedule 1. A new Schedule 10 has been inserted, which provides for the issue/transfer of eligible securities to a foreign depository for the purpose of issuance of depository receipts. The regulations came into force on December 15, 2014.

Description

The Reserve Bank of India has issued a notification, FEMA.330/2014-RB, dated December 15, 2014, amending the Foreign Exchange Management (Transfer or issue of...

Technical Information

  • File Format: PDF
  • File Size: 30 KB
  • Pages: 6
  • Language: EN
  • Author: navodita
  • Total Downloads: 49
  • Last Updated: 7 days ago

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