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Reserve Bank of India – Foreign Exchange Management Act Notification

Foreign Exchange Management Transfer or issue of security by a person foreign exchange management act 2000 pdf download outside India Regulations, Tanning, curing, finishing, embossing and japanning of leather. Transfer by way of sale not covered by Regulation 9 by a person resident outside Forelgn.

Exploration and mining of diamonds and precious stones. Report to Reserve Bank. The Trust and the issuing company shall ensure that value of shares held by persons resident outside India under the scheme does not exceed the limit specified in clause b of sub-regulation 1. No remittance of sale proceeds maangement an Indian security held by a person resident outside India shall be made otherwise than in accordance with these Regulations and the conditions specified in the relevant Schedule.

Restriction on an Indian entity to issue security to a person resident outside India or to record a transfer of security from or to such a person in its books: Rajalakshmi m nice ppt. Save as otherwise provided in the Act or Rules or Regulations made thereunder, an Indian entity shall not issue any security to a person resident outside India or shall not record in its books any transfer of security from or to such person: Bharathi BStudent at St. foreign exchange management act 2000 pdf download

Provided the Indian company issuing such shares. In these Regulations, unless the context requires otherwise.

If the person purchasing the shares under this Foreign exchange management act 2000 pdf download proposes to be collaborator or proposes to acquire the entire share holding of a new Indian company, he should obtain a prior permission of Central Government if he has a previous venture or tie-up in India through investment in shares or debentures or a technical collaboration or a trade mark agreement or investment by whatever name called in foreign exchange management act 2000 pdf download same field or allied field in which the Indian company issuing the shares is engaged.

The offer on right basis does not result in increase in the percentage of msnagement equity already approved, or permissible under the Foreign Direct Investment Scheme in terms of these Regulations. A person who has been residing in India for more than days, in the last financial year.

Date of receipt of funds and their rupee equivalent. Investment in real estate covering construction of residential and commercial premises including business centres and offices. The FERA was passed in at a time when there was acute shortage of foreign exchange in the country. Essay on Venture Capital Words. FEMA came into force on the excbange day of June, Permission to Foreign Institutional Investors foreign exchange management act 2000 pdf download purchase of securities.

Main Features of the Foreign Exchange Management Act (FEMA)

Provided that the limit forsign 24 per cent referred to in this paragraph may be increased to 40 per cent by the Indian company concerned by passing a resolution by its Board of Directors followed by passing of a special resolution to that effect by its General Body.

An Indian company which satisfies the following conditions, may offer to a person resident outside India, equity or preference shares or convertible debentures on right basis, namely: Report by the Indian company. Rajalakshmi m pls mwnagement this ppt for my foreign exchange management act 2000 pdf download id pls.

A Hindu Undivided family 3. A person resident outside India, not being a non-resident Indian or an overseas corporate body, may transfer by way of sale, the shares or convertible debentures held by him to any person resident outside India: The NAV so calculated shall be used in conjunction with the average BV multiple of Bombay Stock Exchange National Index during the calendar month immediately foreign exchange management act 2000 pdf download the month in which application is made and BV multiple shall be discounted by 40 per cent.

It is consistent with full current account convertibility and contains provisions for progressive liberalisation of capital account transactions. List of activities or items for which automatic route of Reserve Bank for Investment from Persons Resident Outside India is not available.

A person resident outside India referred ecchange in sub-regulation 1 of Regulation 5, may purchase shares or convertible debentures issued by an Indian company up to the extent and subject to the terms and conditions set out in this schedule.

Manufacture of food and food products. It provides power to the Reserve Bank for specifying, inconsultation with the central government, the classes of capital account transactions and limits to which exchange is admissible for such transactions. Five Thousand for every day after the foreign exchange management act 2000 pdf download day during which the contravention continues. Subject to paragraph 1, a Non-resident Indian or an Overseas Corporate Body may, without any limit, purchase on non-repatriation basis, shares or convertible debentures of an Indian company issued whether by public issue or private placement or right issue.

Investment by certain other investors 1 Reserve Bank foreign exchange management act 2000 pdf download, subject to such terms and conditions as it may consider necessary permit a domestic asset management company or portfolio manager who is registered with SEBI as a foreign institutional investor for managing the funds of a sub-account, to make investment under the Scheme on behalf of: Manufacture of Hydrogenated oil Vanaspati.

Main Features of the Foreign Exchange Management Act (FEMA)

Defence and strategic industries. Any foreivn, office or branch owned or controlled by such person. Provided that where the foreign exchange management act 2000 pdf download is likely to exceed the percentage specified in the approval or the Regulations, the transferor company or the transferee or new company may, after obtaining an approval from the Central Government, apply to the Reserve Bank for its approval under these Regulations.

Have you check out: Permission for purchase of shares by certain persons resident outside India: An Indian company issuing shares or convertible debentures in accordance with these Regulations shall submit to Reserve Bank.

Leave a Reply Click here to cancel reply. Subject to the provisions of sub-regulation 2a person resident outside India holding the shares or debentures of an Indian company in accordance with these Regulations, may at the shares or debentures so held by him, in compliance with the conditions specified in the relevant Schedule of these regulations.

Foreign Exchange Management Act 2000

New Challenges before the Monetary Authority of India. SlideShare Explore Search You. Production of common salt. A company which is engaged or proposes to engage in any activity specified in Annexure ‘A’ or which proposes to issue shares to a person resident outside India beyond the sectoral limits stipulated in Annexure ‘B’ or which is otherwise not eligible to issue shares to a person resident outside India, may issue shares to a person resident outside India referred to in paragraph 1, provided it has secured prior approval of Secretariat for Industrial Assistance or, as the dkwnload may be of the Foreign Investment Promotion Board of the Government foreign exchange management act 2000 pdf download India and the terms and conditions of such an approval are complied with.

The rate of dividend on preference shares or convertible preference shares issued under these Regulations shall not exceed basis points over the Prime Lending Rate of State Bank of India prevailing as on the date of the Board meeting exxchange foreign exchange management act 2000 pdf download company in which issue of such shares is recommended. Reasons for making the gift. The existing shares or debentures against which shares or debentures forrign issued by the company on right basis were acquired and are held by the person resident outside India exchnage accordance with these Regulations.

Manufacture of footwear excluding repair except vulcanised for moulded rubber or plastic footwear.