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    <description>Reserve Bank of India issues the Fifteenth Amendment to the FEMA Regulations (Transfer or Issue of Security by a Person Resident Outside India), giving the amendment a short title and making it effective on publication in the Official Gazette. The amendment&#039;s operative change is the deletion of the existing explanation to clause viii b of Regulation 2 of the principal Regulations, thereby removing that specific explanatory provision from the regulatory text governing transfers or issues of securities by persons resident outside India.</description>
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