https://www.taxtmi.com/acts?id=2398 Regulation 4 permits a person resident in India to purchase foreign securities using funds in a Resident Foreign Currency (RFC) account, to acquire bonus shares on such foreign securities under applicable law, and, if not permanently resident, to purchase foreign securities from foreign currency resources outside India; it also permits sale of foreign securities acquired under these provisions and defines the term not permanently resident for these purposes. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 12:59:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2398 Regulation 4 permits a person resident in India to purchase foreign securities using funds in a Resident Foreign Currency (RFC) account, to acquire bonus shares on such foreign securities under applicable law, and, if not permanently resident, to purchase foreign securities from foreign currency resources outside India; it also permits sale of foreign securities acquired under these provisions and defines the term not permanently resident for these purposes. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2398