Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2014

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....ts in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA.20/2000-RB, dated May 3, 2000), namely:-- 1. Short Title and Commencement (a) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2014. (b) They shall come into force from the date of their publication in the Official Gazette. 2. Amendment to Schedule 5 In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA.20/2000-RB, dated May 3, 2000), in Schedule 5, (A) in paragraph 1, for the words 'purcha....

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.... and subject to such terms and conditions as may be specified by the SEBI and the Reserve Bank from time to time' shall be substituted; (D) in paragraph 4, for the words "may sell (a) such securities through a registered stock broker on a recognised stock exchange or (b) tender units of mutual funds to the issuer for repurchase or for payment of maturity proceeds or (c) tender Government securities/treasury bills to the Reserve Bank for payment of maturity proceeds" the words 'may sell/ redeem the securities subject to such terms and conditions as may be specified by the SEBI and the Reserve Bank from time to time' shall be substituted. [F. No. 1/3/EM/2014] B. P. KANUNGO, Pl. Chief General Manager Foot Note : (i) It is clarified that n....