Regulation 6C - Investment by Mutual Funds - Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004

1 [Investment by Mutual Funds 6C. (1) Mutual Funds registered with the Securities and Exchange Board of India, may invest within specified limits, in the shares or the rated bonds / fixed income securities of an overseas company listed on a recognised stock exchange or in Exchange Traded Funds, or other securities as may be stipulated by the Reserve Bank of India from time to time. (2) Every transaction relating to purchase and sale of foreign security by Mutual Funds shall be routed through the designated branch of an authorised dealer in India. ***************** NOTES:- 1. Inserted vide Notification No. 150/2006-RB dated 21-08-2006 , w.e.f. 21-08-2006.