Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India)(Amendment) Regulations, 2010

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....onomic Affairs) RESERVE BANK OF INDIA (Foreign Exchange Department) NOTIFICATION No. FEMA 205/2010-RB Mumbai, the 7th April, 2010 G.S.R. 341(E).- In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Rank of India hereby makes the following amendments in the Foreign Exchange Manag....

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....tituted, namely:- "(iv) The offer on right basis to the persons resident outside India shall be: (a) in the case of shares of a company listed on a recognized stock exchange in India, at a price as determined by the company; (b) in the case of shares of a company not listed on a recognized stock exchange in India, at a price which is not less than the price at which the offer on right basis is ....

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....nk from time to time, where the issue of shares is on preferential allotment" [F. No. 1/23/EM/2000-Vol. IV (Part File)] SALIM GANGADHARAN, Chief General Manager-in-Charge Foot Note: The Principal Regulations were published in the Official Gazette vide No. G.S.R. 406(E) dated May 8, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended as under: No. G.S.R. 158(E) dated 2-3-200....