Foreign Exchange Management (Transfer or Issue of Security by a person Resident outside India) (First Amendment) Regulations, 2004

Foreign Exchange Management (Transfer or Issue of Security by a person Resident outside India) (First Amendment) Regulations, 2004 https://www.taxtmi.com/notifications?id=3794 Registered FIIs may purchase shares and convertible debentures under the Portfolio Investment Scheme through registered brokers on recognised Indian stock exchanges. FIIs may open Foreign Currency Accounts and/or Special Non Resident Rupee Accounts for routing transaction receipts and payments, funded by inward remittance or net sale proceeds, with funds usable for purchases under the Scheme or for remittance abroad and transferable between the two account types. Domestic asset managers or portfolio managers registered as FIIs for sub accounts may invest on behalf of non resident individuals and foreign corporates using funds brought from outside India. en-us Thu, 01 Jan 2004 00:00:00 +0530 Wed, 15 Jul 2009 16:16:00 +0530 TaxTMI RSS Generator Foreign Exchange Management (Transfer or Issue of Security by a person Resident outside India) (First Amendment) Regulations, 2004 https://www.taxtmi.com/notifications?id=3794 Registered FIIs may purchase shares and convertible debentures under the Portfolio Investment Scheme through registered brokers on recognised Indian stock exchanges. FIIs may open Foreign Currency Accounts and/or Special Non Resident Rupee Accounts for routing transaction receipts and payments, funded by inward remittance or net sale proceeds, with funds usable for purchases under the Scheme or for remittance abroad and transferable between the two account types. Domestic asset managers or portfolio managers registered as FIIs for sub accounts may invest on behalf of non resident individuals and foreign corporates using funds brought from outside India. Notifications FEMA Thu, 01 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3794