Ministry of Finance TheDollarBusiness

Foreign Exchange Management Transfer or Issue of Security by a Person Resident outside India

Dated 27th October, 2016 | Copy of | Notification No.FEMA.372/2016 |

Foreign Exchange Management (Transfer or Issue
of Security by a Person Resident outside India)
(Tenth Amendment) Regulations, 2016

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 Security by a Person Resident outside India) Regulations, 2000 (Notification No.FEMA.20/2000-RB dated 3rd May 2000) namely

1. Short Title & Commencement:-

(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Tenth Amendment) Regulations, 2016.

(ii) They shall come into force from the date of their publication in the Official Gazette.

2. Amendment to Regulations:-

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 3rd May 2000),

A. In Schedule 1, in Annex B, the existing entries F.1, F.1.1 and F.1.1.2 shall be substituted by the following:

Foreign Exchange Management Transfer or Issue of Security by a Person Resident outside India

B. Amendment of the Schedule 5

(i) In Paragraph 1, for the existing clause (e), the following shall be substituted, namely:

“(e) Security Receipts (SRs) issued by Asset Reconstruction Companies up to 100 per cent of each tranche, subject to directions/guidelines of Reserve Bank of India”.

(ii) In paragraph 1B, in sub paragraph (iii), for the existing clause (g), the following shall be substituted, namely:

“(g) Security Receipts (SRs) issued by Asset Reconstruction Companies up to 100 per cent of each tranche, subject to directions/guidelines of Reserve Bank of India”.

(iii) In paragraph 1C, in sub paragraph 1, for the existing clause (e), the following shall be substituted, namely:

“(e) Security Receipts (SRs) issued by Asset Reconstruction Companies up to 100 per cent of each tranche, subject to directions/guidelines of Reserve Bank of India”

Sd/-
(Rohit Jain)
Chief General Manager

F.No.1/17/EM/2016
Issued by:
Reserve Bank of India
(Foreign Exchange Department)
(Central Office)
Mumbai

Foot Note:-

The Principal Regulations were published in the Official Gazette vide G.S.R.No.406(E) dated May 8, 2000 in Part II, Section 3, sub-Section (i) and subsequently amended as under:

G.S.R.No.158(E) dated 02.03.2001
G.S.R.No.175(E) dated 13.03.2001
G.S.R.No.182(E) dated 14.03.2001
G.S.R.No.4(E) dated 02.01.2002
G.S.R.No.574(E) dated 19.08.2002
G.S.R.No.223(E) dated 18.03.2003
G.S.R.No.225(E) dated 18.03.2003
G.S.R.No.558(E) dated 22.07.2003
G.S.R.No.835(E) dated 23.10.2003
G.S.R.No.899(E) dated 22.11.2003
G.S.R.No.12(E) dated 07.01.2004
G.S.R.No.278(E) dated 23.04.2004
G.S.R.No.454(E) dated 16.07.2004
G.S.R.No.625(E) dated 21.09.2004
G.S.R.No.799(E) dated 08.12.2004
G.S.R.No.201(E) dated 01.04.2005
G.S.R.No.202(E) dated 01.04.2005
G.S.R.No.504(E) dated 25.07.2005
G.S.R.No.505(E) dated 25.07.2005
G.S.R.No.513(E) dated 29.07.2005
G.S.R.No.738(E) dated 22.12.2005
G.S.R.No.29(E) dated 19.01.2006
G.S.R.No.413(E) dated 11.07.2006
G.S.R.No.712(E) dated 14.11.2007
G.S.R.No.713(E) dated 14.11.2007
G.S.R.No.737(E) dated 29.11.2007
G.S.R.No.575(E) dated 05.08.2008
G.S.R.No.896(E) dated 30.12.2008
G.S.R.No.851(E) dated 01.12.2009
G.S.R.No.341(E) dated 21.04.2010
G.S.R.No.821(E) dated 10.11.2012
G.S.R.No.606(E) dated 03.08.2012
G.S.R.No.795(E) dated 30.10.2012
G.S.R.No.796(E) dated 30.10.2012
G.S.R.No.797(E) dated 30.10.2012
G.S.R.No.945(E) dated 31.12.2012
G.S.R.No.946(E) dated 31.12.2012
G.S.R.No.38(E) dated 22.01.2013
G.S.R.No.515(E) dated 30.07.2013
G.S.R.No.532(E) dated 05.08.2013
G.S.R.No.341(E) dated 28.05.2013

G.S.R.No.344(E) dated 29.05.2013
G.S.R.No.195(E) dated 01.04.2013
G.S.R.No.393(E) dated 21.06.2013
G.S.R.No.591(E) dated 04.09.2013
G.S.R.No.596(E) dated 06.09.2013
G.S.R.No.597(E) dated 06.09.2013
G.S.R.No.681(E) dated 11.10.2013
G.S.R.No.682(E) dated 11.10.2013
G.S.R.No.818(E) dated 31.12.2013
G.S.R.No.805(E) dated 30.12.2013
G.S.R.No.683(E) dated 11.10.2013
G.S.R.No.189(E) dated 19.03.2014
G.S.R.No.190(E) dated 19.03.2014
G.S.R.No.270(E) dated 07.04.2014
G.S.R.No.361(E) dated 27.05.2014
G.S.R.No.370(E) dated 30.05.2014
G.S.R.No.371(E) dated 30.05.2014
G.S.R.No.435(E) dated 08.07.2014
G.S.R.No.400(E) dated 12.06.2014
G.S.R.No.436(E) dated 08.07.2014
G.S.R.No.487(E) dated 11.07.2014
G.S.R.No.632(E) dated 02.09.2014
G.S.R.No.798(E) dated 13.11.2014
G.S.R.No.799(E) dated 13.11.2014
G.S.R.No.800(E) dated 13.11.2014
G.S.R.No.829(E) dated 21.11.2014
G.S.R.No.906(E) dated 22.12.2014
G.S.R.No.914(E) dated 24.12.2014
G.S.R.No.30(E) dated 14.01.2015
G.S.R.No.183(E) dated 12.03.2015
G.S.R.No.284(E) dated 13.04.2015
G.S.R.No.484(E) dated 11.06.2015
G.S.R.No.745(E) dated 30.09.2015
G.S.R.No.759(E) dated 06.10.2015
G.S.R.No.823(E) dated 30.10.2015
G.S.R.No.858(E) dated 16.11.2015
G.S.R.No.983(E) dated 17.12.2015
G.S.R.No.165(E) dated 15.02.2016
G.S.R.No.166(E) dated 15.02.2016
G.S.R.No.369(E) dated 30.03.2016
G.S.R.No.537(E) dated 20.05.2016

 

 

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