TMI BlogForeign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2006X X X X Extracts X X X X X X X X Extracts X X X X ..... ication No. FEMA.149/2006-RB Dated : June 9, 2006 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), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). (i) in regulation 5, in sub regulation (2), after the proviso, the following proviso shall be inserted, namely, 'Provided further that Foreign Institutional Investors shall not invest in the paid up equity capital of Asset Reconstruction Companies'. (i) in schedule 1, in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Bills in the Indian capital market) in the ratio of 70:30, and (ii) if the FII desires to invest upto 100% in dated Government Securities including Treasury Bills, non-convertible debentures / bonds issued by an Indian company, it shall form a 100% debt fund and get such fund registered with SEBI. (iii) the total holding by a single FII in each tranche of scheme of Security Receipts shall no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2(E) dated 14.03.2001 G.S.R.No. 4(E) dated 02.01.2002 G.S.R.No. 574(E) dated 19.08.2002 G.S.R.No. 223(E) dated 18.03.2002 G.S.R.No. 225(E) dated 18.03.2002 G.S.R.No. 558(E) dated 22.07.2003 G.S.R.No. 835(E) dated 23.10.2003 G.S.R.No. 899(E) dated 22.11.2003 G.S.R.No. 12(E) dated 07.01.2004 G.S.R.No. 278(E) dated 23.04.2004 G.S.R.No. 454(E) dated 16.07.2003 G.S.R.No. 625(E) dated 21.09.2004 G.S.R.N ..... X X X X Extracts X X X X X X X X Extracts X X X X
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