Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Third Amendment) Regulations, 2019 https://www.taxtmi.com/notifications?id=129469 The amendment defines Municipal Bonds as debt instruments issued by municipalities under Article 243Q and adds municipal bonds to Schedule 5 as permissible securities for purchase and sale by persons resident outside India, thereby including municipal debt within the FEMA regime for cross-border investment in non capital instruments. en-us Thu, 18 Apr 2019 00:00:00 +0530 Tue, 23 Apr 2019 18:17:00 +0530 TaxTMI RSS Generator Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Third Amendment) Regulations, 2019 https://www.taxtmi.com/notifications?id=129469 The amendment defines Municipal Bonds as debt instruments issued by municipalities under Article 243Q and adds municipal bonds to Schedule 5 as permissible securities for purchase and sale by persons resident outside India, thereby including municipal debt within the FEMA regime for cross-border investment in non capital instruments. Notifications FEMA Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129469