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of <h1>RBI Amends Foreign Exchange Regulations to Include LLPs in Foreign Security Transactions Under Regulation 2</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004. Effective from their publication date, these amendments include changes to Regulation 2. Specifically, the definition of entities permitted to engage in foreign security transactions now includes Limited Liability Partnerships (LLPs) as defined under the Limited Liability Partnership Act, 2008. This inclusion extends the scope of entities recognized under these regulations, allowing LLPs to participate in foreign security activities alongside other corporate and partnership entities.
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