Schedule II - Regulation 3 (1) (B) - FOREIGN EXCHANGE MANAGEMENT (PERMISSIBLE CAPITAL ACCOUNT TRANSACTIONS) REGULATIONS, 2000

Schedule II [See Regulation 3 (1) (B)] Classes of capital account transactions of persons resident outside India (a) Investment in India by a person resident outside India, that is to say, (i) issue of security by a body corporate or an entity in India and investment therein by a person resident outside India; and (ii) investment by way of contribution by a person resident outside India to the capital of a firm or a proprietorship concern or an association of persons in India. (b) Acquisition and transfer of immovable property in India by a person resident outside India. (c) Guarantee by a person resident outside India in favour of, or on behalf of, a person resident in India. (d) Import and export of currency/currency notes into/from India by a person resident outside India. (e) Deposits between a person resident in India and a person resident outside India. (f) Foreign currency accounts in India of a person resident outside India. (g) Remittance outside India of capital assets in India of a person resident outside India. 1 [ (h) Undertake derivative contracts ] ********** Notes 1. Inserted vide NOTIFICATION G.S.R. 162(E). 26-02-2019