Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India

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..... debentures of an Indian company by a person resident outside India Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (the Principal Regulations) notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000 , as amended from time .....

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..... ar to the notice of their constituents and customers. 4. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (T. Rabi Sankar) Chief General Manager - Circular - Trade .....

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