Purchase and Sale of Foreign Security by a Person Resident in India

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Full Text of the Document

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....of Foreign Security by a Person Resident in India A person resident in India- (a)  may purchase a foreign security out of funds held in Resident Foreign Currency (RFC) account maintained in accordance with the Foreign Exchange Management (Foreign Currency Accounts) Regulations, 2000; (b)  may acquire bonus shares on the foreign securities held in accordance with the ....