Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2009

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....4/2009-RB Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2009 G.S.R.108(E). - In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange, Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Ma....

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....ident in India being a Securities and Exchange Board of India approved clearing corporation of stock exchanges and their clearing members may, subject to the guidelines issued by the SEBI from time to time: (i) open and maintain demat accounts with foreign depositories and acquire, hold, pledge and transfer the foreign sovereign securities, offered as collateral by FIIs; (ii) remit the proce....