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of <h1>RBI issues FEMA regulations governing security issuance by non-resident branches and offices in India</h1> The Reserve Bank of India issued regulations under the Foreign Exchange Management Act, 1999, governing the issuance of securities in India by branches, offices, or agencies of non-resident persons. These regulations, designated as FEMA 2/2000-RB and published on May 3, 2000, came into effect on June 1, 2000. The regulations were formulated using powers granted under Section 6(3)(c) and Section 47(2) of FEMA 1999, establishing the regulatory framework for foreign entities' security issuance activities within India's jurisdiction.
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