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
Acquiring equity in SWIFT permitted for RBI licensed Indian banks subject to RBI permission for SWIFT User's Group membership. A banking company in India licensed by the Reserve Bank may acquire shares of SWIFT, Belgium in accordance with SWIFT by laws, provided the bank has prior ... Summary
Acquiring equity in SWIFT permitted for RBI licensed Indian banks subject to RBI permission for SWIFT User's Group membership.
A banking company in India licensed by the Reserve Bank may acquire shares of SWIFT, Belgium in accordance with SWIFT by laws, provided the bank has prior RBI permission for admission as a member of the SWIFT User's Group in India, limiting the permission to entities licensed under the Banking Regulation Act and subject to RBI approval and SWIFT governance compliance.
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