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Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) (Fifth Amendment) Regulations, 2005 - 138/2005 - Foreign Exchange Management
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Regulatory amendment under FEMA removes specified provisos in securities transfer regulations, effective on Gazette publication. Amendments to the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 omit specified provisos and preceding commas in Regulation 5: the proviso in sub regulation (2); the provisos and preceding commas in clauses (i) and (ii) of sub regulation (3); and the proviso in sub regulation (5). The notification is made under the Reserve Bank of India's powers under the Foreign Exchange Management Act and commences on publication in the Official Gazette.
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Regulatory amendment under FEMA removes specified provisos in securities transfer regulations, effective on Gazette publication.
Amendments to the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 omit specified provisos and preceding commas in Regulation 5: the proviso in sub regulation (2); the provisos and preceding commas in clauses (i) and (ii) of sub regulation (3); and the proviso in sub regulation (5). The notification is made under the Reserve Bank of India's powers under the Foreign Exchange Management Act and commences on publication in the Official Gazette.
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