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[A.
P. (DIR) Circular No. 06 dated August 11, 2005]
Notification
No.FEMA.138/2005-RB
Dated July
22, 2005
Foreign
Exchange Management (Transfer or issue of Security by a Person Resident outside
India) (Fifth Amendment) Regulations, 2005
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) (Fifth Amendment) Regulations,
2005.
(ii) They
shall come into force from the date of its publication in the official Gazette.
2. Amendment
of the Regulations:-
In the Foreign
Exchange Management (Transfer or issue of Security by a Person Resident outside
India) Regulations, 2000, in Regulation 5,
i. in sub-regulation
(2), the provisio shall be omitted.
ii. in sub-regulation
(3), in clause (i), the existing provisio and the coma preceding thereto shall
be omitted.
iii. in
sub-regulation (3), in clause (ii), the existing provisio and the coma preceding
thereto shall be omitted.
iv. in sub-regulation
(5), the existing provisio shall be omitted.'
(Vinay
Baijal)
Chief General Manager
Foot
Note: The Principal Regulations were published in the Official Gazette vide
G.S.R.No. 406 (E) dated May 3, 2000 in Part II, Section 3, sub-section (i) and
subsequently amended as under:
G.S.R.No. 158(E) dated 02.03.2001
G.S.R.No. 175(E) dated 13.03.2001
G.S.R.No. 182(E) dated 14.03.2001
G.S.R.No. 4(E) dated 02.01.2002
G.S.R.No. 574(E) dated 19.08.2002
G.S.R.No. 223(E) dated 18.03.2003
G.S.R.No. 225(E) dated 18.03.2003
G.S.R.No. 558(E) dated 22.07.2003
G.S.R.No. 835(E) dated 23.10.2003
G.S.R.No. 899(E) dated 22.11.2003
G.S.R.No. 12(E) dated 07.01.2004
G.S.R.No. 278(E) dated 23.04.2004
G.S.R.No. 454(E) dated 16.07.2004
G.S.R.No. 625(E) dated 21.09.2004
G.S.R.No. 799(E) dated 08.12.2004
G.S.R.No. 201(E) dated 01.04.2005
G.S.R.No. 202(E) dated 01.04.2005
Published in the Official Gazette of Government
of India - Extraordinary - Part-II, Section 3,
Sub-Section (i) dated 25.07.2005 - G.S.R.No.505(E)
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