Foreign Exchange Management Act, 1999-Investment by FIIs/NRIs/OCBs/Foreign Venture Capital Investors in companies engaged in the Print Media Sector

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....DIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P.(DIR Series) Circular No.26 February 22, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs, Foreign Exchange Management Act, 1999- Investment by FIIs/NRIs/OCBs/Foreign Venture Capital Investors in companies engaged in the Print Media Sector Attention of authorised dealers is invited to "Foreign Exc....

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....Resident outside India) Regulations, 2000 have been amended vide Notification No.FEMA.35/2000-RB dated 16^th February 2001 (copy enclosed). It is clarified that the restriction shall also apply to purchase of shares and convertible debentures by NRIs and OCBs on non-repatriation basis. 3. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned. ....