Permission for Purchase/ Acquisition of Foreign Securities - Clarification

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Full Text of the Document

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....sed Dealers in Foreign Exchange Dear Sirs/Madam, Permission for Purchase/ Acquisition of Foreign Securities - Clarification Attention of authorised dealers is invited to item (e) of paragraph 2 of the AP (DIR Series) circular No. 32 dated April 28,2001. In terms of Regulations 19 of the Reserve Bank Notification No. FEMA.19/2000-RB dated May 3, 2000, as amended from time to time, ADs have....