Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Fifth Amendment) Regulations, 2004

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..... OREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA.125/2004-RB dated November 27, 2004 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) and in partial modification of its Notification No.FEMA.20/2000-RB, dated 3rd May 2000, the Reserve Bank of India makes the fol .....

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..... vider of technology/technical know-how, against Royalty/Lumpsum fees due for payment; (ii) against External Commercial Borrowing (ECB) (other than import dues deemed as ECB or Trade Credit as per RBI Guidelines) Provided, that the foreign equity in the company after the conversion of royalty/ lumpsum fee/ECB into equity is within the sectoral cap notified, if any'. (ii) In Paragraph 3, after th .....

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..... the concerned Regional Office of Reserve Bank and non-converted portion in Form ECB-2.' Sd/- Shyamala Gopinath Deputy Governor Foot Note : (i) *This has been mentioned as the date on which the directions were issued to Authorised Dealers vide A.P. (DIR Series) Circular No.15 dated October 1, 2004. (ii) The Principal Regulations were published in the Official Gazette vide G.S.R.No.406(E) date .....

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