Foreign Exchange Regulation Act, 1973 : Notification under section 19(1)(a), (d) read with section 9(1)(a) : Permission for issue of units of mutual fund to NRIs/OCBs with repatriation/non-repatriation basis

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....ection 19(1)(a), (d) read with section 9(1)(a) : Permission for issue of units of mutual fund to NRIs/OCBs with repatriation/non-repatriation basis NOTIFICATION NO. G. S. R. 354(E)  DATED 30-3-1999 In pursuance of clauses (a) and (d) of sub-section (1) of section 19 read with clause (a) of sub-section (1) of section 9 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Res....

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....ities and Exchange Board of India; (b) in respect of investment made on repatriation basis, the amount representing the investment is received by inward remittance through normal banking channels or by debit to NRE/FCNR account of the non-resident investor maintained with an authorised dealer in India; (c) in respect of investment made on non-repatriation basis, the amount representing the i....

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.... NRO/NRSR account of the non-resident investor; and (c) where the investment is made by debit to NRSR account of the non-resident investor the dividend/interest and maturity proceeds shall be credited to NRSR account of the non-resident investor. Explanation.---A person (not being a citizen of Pakistan or Bangladesh or Sri Lanka) shall be deemed to be of "Indian origin", if--- (i) he, at ....