Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2009

Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2009 https://www.taxtmi.com/notifications?id=21150 The amendment to Regulation 7(1) permits an Indian party in the financial services sector to invest abroad provided it has earned net profit in the preceding three financial years from such activities, is registered with the Indian regulatory authority, has obtained approvals from concerned regulatory authorities in India and abroad for the activity, and has complied with prudential capital adequacy norms prescribed by the Indian regulator. en-us Tue, 28 Jul 2009 00:00:00 +0530 Tue, 01 Sep 2009 16:57:00 +0530 TaxTMI RSS Generator Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2009 https://www.taxtmi.com/notifications?id=21150 The amendment to Regulation 7(1) permits an Indian party in the financial services sector to invest abroad provided it has earned net profit in the preceding three financial years from such activities, is registered with the Indian regulatory authority, has obtained approvals from concerned regulatory authorities in India and abroad for the activity, and has complied with prudential capital adequacy norms prescribed by the Indian regulator. Notifications FEMA Tue, 28 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/notifications?id=21150