Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) (fifth Amendment) Regulations, 2014 - 304/2014-RB - Foreign Exchange Management
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Non-convertible preference shares: NRIs may purchase listed non-convertible/redeemable preference shares or debentures on non repatriation basis. The amendment adds listed non-convertible/redeemable preference shares or debentures to multiple entries in Schedule 5 of the Regulations, thereby recognizing those instruments as permitted under the Schedule, and provides that a Non-Resident Indian may, without limit, purchase such listed non-convertible/redeemable preference shares or debentures on a non-repatriation basis.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Non-convertible preference shares: NRIs may purchase listed non-convertible/redeemable preference shares or debentures on non repatriation basis.
The amendment adds listed non-convertible/redeemable preference shares or debentures to multiple entries in Schedule 5 of the Regulations, thereby recognizing those instruments as permitted under the Schedule, and provides that a Non-Resident Indian may, without limit, purchase such listed non-convertible/redeemable preference shares or debentures on a non-repatriation basis.
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