FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) (AMENDMENT) REGULATIONS, 2004 - Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004
FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) (AMENDMENT) REGULATIONS, 2004 - Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004
Prior permission of Reserve Bank required for resident individuals acquiring foreign qualification shares beyond prescribed limits. Resident individuals proposing to acquire qualification shares in a foreign company beyond the limits set in the proviso to clause (a) of sub regulation ... Summary
Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004
Prior permission of Reserve Bank required for resident individuals acquiring foreign qualification shares beyond prescribed limits.
Resident individuals proposing to acquire qualification shares in a foreign company beyond the limits set in the proviso to clause (a) of sub regulation (1) of Regulation 24 must apply for and obtain prior permission of the Reserve Bank before completing such acquisitions.
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