MANU/RFEM/0022/2016

Ministry : Reserve Bank of India

Department/Board : Foreign Exchange Department

Notification No. : FEMA-374/2016-RB

Notification No. : GSR1003(E)

Date of Notification : 24.10.2016

Date of Publication : 24.10.2016

Notification/ Circulars Referred : Notification No. FEMA. 20/2000-RB dated 3rd May 2000 MANU/RFEM/0012/2000

Citing Reference:
Notification No. FEMA. 20/2000-RB dated 3rd May 2000 MANU/RFEM/0012/2000  Referred

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2016

G.S.R.1003(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 outside India) Regulations, 2000 (Notification No. FEMA. 20/2000-RB dated 3rd May 2000) namely:-

1. Short Title & Commencement.-

(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2016.

(ii) They shall come into force from the date of their publication in the Official Gazette.

2. Amendment of Schedule 5.-

In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, (Notification No. FEMA 20/2000-RB, dated 3rd May, 2000), in Schedule 5,

A. In paragraph 1,