Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Fourth Amendment) Regulations, 2004 - 122/2004 - Foreign Exchange Management
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Definition of NRI redefined to align with Deposit Regulations; country reference removed and retrospective effect clarified. The Fourth Amendment revises FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations by substituting Regulation 2(vii a) so that NRI means as defined in the Foreign Exchange Management (Deposit) Regulations, 2000, and by deleting 'or Sri Lanka' from Regulation 5(1); a corrigendum clarifies footnote numbering and states that no person will be adversely affected by retrospective effect.
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.
Definition of NRI redefined to align with Deposit Regulations; country reference removed and retrospective effect clarified.
The Fourth Amendment revises FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations by substituting Regulation 2(vii a) so that NRI means as defined in the Foreign Exchange Management (Deposit) Regulations, 2000, and by deleting "or Sri Lanka" from Regulation 5(1); a corrigendum clarifies footnote numbering and states that no person will be adversely affected by retrospective effect.
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