Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2012 - Amendment in Regulations 6 & 15 and Part I of Form ODI

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.... 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Any Foreign Security ) Regulations, 2004 (Notification No. FEMA 120/RB-2004, dated July 7, 2004), as amended from time to time (hereinafter called the Principal Regulations or the Notification), namely :- 1. Short Title & Commencement (i) These regulations shall be called the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2012. (ii) Each amendment shall be deemed to have come into force from the dates specified in these regulations. Amendment to Regulation 6 2. In regulation 6, in sub-regulation (2), in clause (i), after sub-clause(e), for the words "No....

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....equired to be submitted, has to be based on the audited annual accounts of the JV/WOS for the preceding year, unless specifically exempted by the Reserve Bank." (b) In regulation 15, after the sub-regulation (iii), the following shall be added and the same shall be deemed to have been added with effect from March 15, 2011: "(iv) Indian companies, which have made overseas direct investments under the provisions of this Notification, shall submit an 'Annual Return on Foreign Liabilities and Assets' in the format and by a specified dates prescribed by the Reserve Bank from time to time, to the Director, Balance of Payment Statistics Division, Department of Statistics and Information Management (DSIM), Reserve Bank of India, C-9, 8th Floor, B....

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....120/RB - 2004, dated July 7, 2004, as amended from time to time, in respect of all the existing JV/WOS of the Indian party has been submitted. I/We hereby certify that the information furnished above are true and correct. Place: __________________ ____________________________ Date __________________ (Signature of authorised official) Name __________________ Stamp/Seal Designation __________________ List of enclosures: 1. 4. 2. 5. 3. 6. Section F (Revised): Certificate by the Statutory Auditors of the Indian Party It is certified that the terms and conditions contained in Notification No. FEMA 120/RB-2004, dated July 7, 2004, as amended from time to time (Foreign Exchange Management (Transfer or Issue of any Foreign Security....