RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
(CENTRAL OFFICE)
NOTIFICATION
Mumbai, the 1st June, 2018
No. FEMA. 20(R)(2)/2018-RB
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2018
G.S.R. 520(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 read with section 47 of the Foreign Exchange Management Act, 1999, Reserve Bank of India hereby notifies that proviso (ii) to sub-regulation (1) of regulation 10 and proviso (ii) to sub-regulation (2) of regulation 10 of the Foreign Exchange Management (Transfer or Issue of Security by a person resident outside India) Regulations, 2017, shall come into force with effect from June 02, 2018.
[F. No. 1/22/EM/2016 (Part-I)]
SHEKHAR BHATNAGAR,
Chief General Manager-in-Charge
Foot Note :
The Principal Regulations were published in the Official Gazette vide G.S.R. No. 1374(E) dated November 07, 2017 in Part II, Section 3, Sub-section (i) and subsequently amended as under G.S.R. No. 279(E), dated 26.03.2018
