Purchase and sale of foreign security by a Person resident in India

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....oreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004<br>Purchase and sale of foreign security by a Person resident in India&nbsp; 4. A person resident in India a....

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....purchase a foreign security from out of his foreign currency resources outside India; d. may sell the foreign security purchased or acquired under clauses (a), (b) or (c). Explanation: For the pur....