Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2017

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..... Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2017 G.S.R. 1386(E). -In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) , the Reserve Bank hereby makes the following amendments in the Foreign Exchange Management (Transfer o .....

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..... f accounts of JV/WOS and the figures in the APR are as per the un-audited accounts of the overseas JV/ WOS . (ii) after existing clause (b), the following shall be added, namely; (c) The above exemption from filing the APR based on unaudited balance sheet will not be available in respect of JV/WOS in a country / jurisdiction which is either under the observation of the Financial Action Task .....

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