https://www.taxtmi.com/acts?id=2107 Regulation 21 prohibits persons resident in India from issuing or transferring foreign securities, but permits an Indian company or body corporate to issue Foreign Currency Convertible Bonds to non-residents under Schedule I up to a prescribed threshold and beyond that with Reserve Bank approval. The Reserve Bank, with the Government, may change provisions for automatic and approval routes. The regulation also permits issuance of Foreign Currency Exchangeable Bonds with Reserve Bank approval under Schedule IV. Issuers must report within thirty days details of amounts issued, investor names and allocations, and repatriation or account debit evidence. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 21 Jun 2025 10:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2107 Regulation 21 prohibits persons resident in India from issuing or transferring foreign securities, but permits an Indian company or body corporate to issue Foreign Currency Convertible Bonds to non-residents under Schedule I up to a prescribed threshold and beyond that with Reserve Bank approval. The Reserve Bank, with the Government, may change provisions for automatic and approval routes. The regulation also permits issuance of Foreign Currency Exchangeable Bonds with Reserve Bank approval under Schedule IV. Issuers must report within thirty days details of amounts issued, investor names and allocations, and repatriation or account debit evidence. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2107