TMI BlogForeign Exchange Management (Transfer or Issue of Security by a person Resident outside India) (First Amendment) Regulations, 2004X X X X Extracts X X X X X X X X Extracts X X X X ..... e Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No.FEMA. 108/2004-RB Dated January 1, 2004 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 07.01.2004 - G.S.R. No. 12(E) In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edule 2. i. In paragraph 1 a. For sub- paragraphs 1 and 2, the following sub- paragraphs shall be substituted, namely: '(1) A registered Foreign Institutional Investor (FII) may purchase the shares and convertible debentures of an Indian company under Portfolio Investment Scheme. (2) The purchase of shares /convertible debentures under sub-paragraph (1) shall be made through registered b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h 1 of this Scheme or for remittance outside India. The funds from Foreign Currency Account of the registered FII may be transferred to Special Non-Resident Rupee account of the same FII and vice-versa.' iii. In paragraph 4, (a) for sub-paragraph (1), the following sub-paragraph shall be substituted, namely: 'A domestic asset management company or portfolio manager, who is registered w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o.175(E) dated March 13, 2001, G.S.R.No.182(E) dated March 14, 2001, G.S.R.No.4(E) dated January 1, 2002, G.S.R.No.574(E) dated August 19, 2002, G.S.R.No.223(E) dated March 18, 2003, G.S.R.No.225(E) dated March 18, 2003 and G.S.R.No558(E) dated July 22, 2003, G.S.R.NO.835(E) dated October 23, 2003 and G.S.R.No.899(E) dated November 22, 2203. That as rectified and modified as aforesaid, the Princ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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