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        FEMA

        Foreign Exchange Management (Transfer or issue of Security by a Person Resident Outside India) ( Amendment ) Regulations 2006 - 145/2005 - Foreign Exchange Management

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        Permitted foreign investment instruments expanded to expressly include listed non-convertible debentures and commercial papers. Amendment substitutes, in Schedule 5 paragraph 1 of the principal Regulations, the expression 'listed non-convertible debentures/ bonds, commercial papers' for the prior words 'non-convertible debentures/bonds', thereby expressly including listed non-convertible debentures and commercial papers within the securities transferable or issuable by persons resident outside India.
                          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.

                                Permitted foreign investment instruments expanded to expressly include listed non-convertible debentures and commercial papers.

                                Amendment substitutes, in Schedule 5 paragraph 1 of the principal Regulations, the expression "listed non-convertible debentures/ bonds, commercial papers" for the prior words "non-convertible debentures/bonds", thereby expressly including listed non-convertible debentures and commercial papers within the securities transferable or issuable by persons resident outside India.


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