Foreign security transfer threshold increased under FEMA, raising regulatory limits and applying retrospectively to the specified prior date. The amendment replaces the previously stated monetary threshold in Regulation 21 and in the specified clause of Schedule I of the principal FEMA transfer/issue regulations with a higher threshold for transfers or issues of foreign securities, and declares that these substitutions are deemed to have been effective from the earlier specified date stated in the notification.
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.
Foreign security transfer threshold increased under FEMA, raising regulatory limits and applying retrospectively to the specified prior date.
The amendment replaces the previously stated monetary threshold in Regulation 21 and in the specified clause of Schedule I of the principal FEMA transfer/issue regulations with a higher threshold for transfers or issues of foreign securities, and declares that these substitutions are deemed to have been effective from the earlier specified date stated in the notification.
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