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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations 2017

FEMA - 383/2017-RB - Dated:- 10-1-2017 - RESERVE BANK OF INDIA (Foreign Exchange Department) CENTRAL OFFICE NOTIFICATION No. FEMA. 383/2017-RB Mumbai, the 10th January, 2017 G.S.R. 17(E). - 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 out .....

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00-RB dated 3rd May 2000), in Schedule 1, in Annex B. A. The existing Paragraph F.4 shall be substituted by the following namely:- "F.4 Infrastructure Company in the Securities Market F.4.1 Infrastructure companies in Securities Markets, namely, stock exchanges, commodity derivative exchanges, depositories and clearing corporations, in compliance with SEBI Regulations. 49% Automatic F.4.2 Other Conditions: (i) Foreign investment, including investment by FPIs, will be subject to the Guidelin .....

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