FEMA - (Transfer or Issue of Security by a Person Resident Outside India) (Amendment) Regulations, 2012 - Amendment in regulation 5 - 222/2012 - Foreign Exchange Management
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Limits and margin requirements extended to include prescribed collateral stipulations for transfers or issues of securities by non-residents. Amendment incorporates prescribed limits and margin requirements and stipulations regarding collateral securities into regulation 5, tying compliance for transfers or issues of securities by persons resident outside India to regulatory prescriptions as specified by the Reserve Bank from time to time; the Amendment Regulations are given retrospective effect from April 12, 2010 and include a clarification that no person will be adversely affected by that retrospective application.
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Provisions expressly mentioned in the judgment/order text.
Limits and margin requirements extended to include prescribed collateral stipulations for transfers or issues of securities by non-residents.
Amendment incorporates prescribed limits and margin requirements and stipulations regarding collateral securities into regulation 5, tying compliance for transfers or issues of securities by persons resident outside India to regulatory prescriptions as specified by the Reserve Bank from time to time; the Amendment Regulations are given retrospective effect from April 12, 2010 and include a clarification that no person will be adversely affected by that retrospective application.
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