Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2017

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....ment (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2017 G.S.R. 17(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 Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or issue of Secu....

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....nfrastructure Company in the Securities Market F.4.1 Infrastructure companies in Securities Markets, namely, stock exchanges, commodity derivative exchanges, depositories and clearing corporations, in compliance with SEBI Regulations. 49% Automatic F.4.2 Other Conditions: (i) Foreign investment, including investment by FPIs, will be subject to the Guidelines/ Regulations issued by the Cent....