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Transfer by way of sale of shares of a JV/WOS

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..... OR ISSUE OF ANY FOREIGN SECURITY) REGULATIONS, 2000 - Act-Rules - Has been superseded vide Notification No. 120/2004 dated 7/7/2004 16. Transfer by way of sale of shares of a JV/WOS Save .....

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..... dual, holding qualification shares or rights shares in a company incorporated outside India acquired in terms of clauses (a) and (c) of Regulation 21 may sell such shares without prior approval. ** .....

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