Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Second Amendment) Regulations, 2008 - 179/2008 - Foreign Exchange Management
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Foreign investment rules: revised definitions, expanded FII derivative access, and tightened reporting and approval obligations. Amendments modify definitions to treat capital as equity, preference shares and convertible debentures including compulsory convertibility; expand FII trading in approved exchange-traded derivatives subject to limits, margins and collateral; require reporting of rights and bonus issues in Form FC-GPR; mandate Reserve Bank approval for certain transfers (non-automatic route activities, financial services sector, takeover-triggering transfers, and transfers outside RBI pricing guidelines); and revise schedules to restate sectoral entry routes, caps, exceptions to prior-central-government permission and updated reporting/forms for ADR/GDR and foreign investment returns.
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Provisions expressly mentioned in the judgment/order text.
Foreign investment rules: revised definitions, expanded FII derivative access, and tightened reporting and approval obligations.
Amendments modify definitions to treat capital as equity, preference shares and convertible debentures including compulsory convertibility; expand FII trading in approved exchange-traded derivatives subject to limits, margins and collateral; require reporting of rights and bonus issues in Form FC-GPR; mandate Reserve Bank approval for certain transfers (non-automatic route activities, financial services sector, takeover-triggering transfers, and transfers outside RBI pricing guidelines); and revise schedules to restate sectoral entry routes, caps, exceptions to prior-central-government permission and updated reporting/forms for ADR/GDR and foreign investment returns.
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