|
Date
|
Notification
No.
|
Subject
|
Brief
|
Reference Notifin. No.
|
|
|
March 17, 2005
|
130/2005-RB
|
Foreign Exchange Management
(Transfer or issue of Security
by a Person Resident outside
India) (Amendment) Regulations, 2005
|
Issued a regulation relating to
transfer or issue of security by a person resident outside India.
Item No.1in schedule 1 is
deleted & sub-items shall be inserted under the headings
Sector, Investment Cap, Description of Activity /Items /
Conditions respectively
|
Notification No
FEMA 20/2000-RB dated 3rd May
2000
|
|
|
March 17, 2005
|
131/2005-RB
|
Foreign Exchange Management
(Transfer or Issue of Security by
a Person Resident outside India
)(Second Amendment) Regulations,2005
|
Issued a regulation relating to
transfer or issue of security by a person resident outside India.
In regulation 10 sub-reg. A
after the words "person resident outside India", the
words "not being erstwhile
OCBs shall be added.
As per regulation A person
resident outside India, may transfer share or convertible
debenture of an Indian company ,without the prior permission of
the Reserve Bank ,by way of sale, to
a person resident in India
subject to the adherence to pricing guidelines,
documentation and reporting
requirements for such transfers as may be specified by Reserve
Bank from time to time."
|
Notification NO.FEMA.20/2000-RB
dated 3rd May 2000
|
|
|
March 31, 2005
|
132/2005-RB
|
Foreign Exchange Management
(Transfer or Issue of any
Foreign Security) (Amendment)
Regulations, 2005
|
Issued regulation relating to
transfer or issue of any foreign security by a person resident in
India & employee of Indian office & subsidiary of foreign
company may purchased the equity shares of that company under the
ADR/GDR linked stock option schemes
|
Notification No.FEMA.120/RB-2004
dated 7th July 2004
|
|
|
April 1, 2005
|
133/2005-RB
|
Foreign Exchange Management
(Deposit) (Amendment) Regulations, 2005
|
Issued regulation relating to
deposits. Sub-clause (c) to clause 9 of Schedule 1 shall be
substituted as under:
Authorised dealers/ authorised
banks may allow operations on an NRE account in terms of Power of
Attorney or other authority granted in
favour of a resident by the
non-resident account holder
|
Notification No. FEMA 5/2000-RB
dated May 3, 2000
|
|
|
May 07,2005
|
134/2005-RB
|
Foreign Exchange Management
(Establishment in India of Branch or Office or Other Place of
Business) (Amendment)
Regulations, 2005
|
Issued regulation relating to
the establishment in India of branch or office .It was provided
that no approval shall be necessary for an insurance company, if
such company has obtained approval from the Insurance Regulatory
and Development Authority established under
section 3 of the Insurance
Regulatory and Development Authority Act, 1999, for establishing
a Liaison Office in India ’.
|
Notification No. 22/2000-RB
dated 3rd May,
2000
|
|
|
May 17, 2005
|
135/2005-RB
|
Foreign Exchange Management
(Transfer or Issue of any
Foreign Security) (Second
Amendment) Regulations, 2005
|
Issued regulation relating to
transfer or issue of any foreign security in freely convertible
currencies & all dues receivable thereon as are repatriable
shall be realised and repatriated in freely convertible
Currency only.
|
Notification No.FEMA120/RB-2004
dated 7th July 2004
|
|
|
July 19, 2005
|
136 /2005-RB
|
Foreign Exchange Management
(Transfer or issue of Security by a Person Resident outside
India) (Third Amendment)
Regulations, 2005
|
Issued regulation relating to
transfer or issue of security by a person resident outside India.
Sub-item in schedule 1 is
expanded by adding sector-Townships, housing,
built-up infrastructure
and construction –
development projects
|
Notification No.FEMA.20/2000-RB
dated 3rd May 2000
|
|
|
July 22, 2005
|
137 /2005-RB
|
Foreign Exchange Management
(Transfer or issue of Security by a Person Resident
outside India) ( Fourth
Amendment) Regulations, 2005
|
Issued regulation relating to
transfer or issue of security by way of gift, shall make an
application to the Reserve Bank for its
approval.
|
Notification No.
FEMA 20/2000-RB dated 3rd May
2000
|
|
|
July 22, 2005
|
138/2005-RB
|
Foreign Exchange Management
(Transfer or issue of Security by a Person Resident
outside India) (Fifth Amendment)
Regulations, 2005
|
in sub-regulation (5), the
existing provisio shall be omitted.
|
Notification No.
FEMA 20/2000-RB dated 3rd May
2000
|
|
|
August 11, 2005
|
139/2005-RB
|
Foreign Exchange Management
(Transfer or issue of any
Foreign Security) (Third
Amendment) Regulations, 2005
|
Issued regulation relating to
transfer or issue of any foreign security in which,in Regulation
6, in Explanation to clause (i) of Sub-regulation (2), Current
limit upto 100% of the net worth", increased to 200% of the
net worth.
|
Notification No.
FEMA.120/RB-2004 dated
July 7, 2004
|
|
|
October 31, 2005
|
140/2005-RB
|
Foreign Exchange Management
(Deposit)
(Second Amendment) Regulations,
2005
|
Issued regulation relating to
deposit of funds in the account may be accepted in such
permissible currencies as may be designated by the Reserve Bank
from time to time & these accounts may be opened only in the
form of term deposit
|
Notification No. FEMA.5/2000-RB
dated May 3, 2000
|
|
|
|
141/2005-RB
|
N.A
|
|
|
|
|
December 6, 2005
|
142/2005-RB.
|
Foreign Exchange Management
(Borrowing or Lending in
Foreign Exchange) (Second
Amendment) Regulations, 2005
|
Issued regulation relating
to borrowing or lending in foreign exchange by any company
registered under the Companies Act, 1956, other than a financial
intermediary, NGOs engaged in micro business activities, any
other entity specified by RBI.
The borrowing in foreign
exchange by an entity shall not exceed USD 500 million or
equivalent in any one financial year (April –Mar.).
The borrowings in foreign
currency by NGO shall not
exceed USD 5 million or
equivalent during a financial year (April – Mar.)
|
Notification No.FEMA.3/2000-RB
dated 3rd May 2000
|
|
|
Dec.19, 2005
|
143 /RB-2005
|
Foreign Exchange Management
(Foreign exchange derivative contracts) ( Amendment)
Regulations, 2005.
|
Issued regulation relating to
foreign exchange derivative contracts in which rupee is not
involved as one of the currency & person resident in India
may enter into a foreign currency –rupee option contract
with an authorised dealer to hedge an exposure to exchange risk
in respect of a
transaction for which sale
and/or purchase of foreign currency is permitted under the Act
|
Notification No. FEMA 25/RB –
2000 dated May 3, 2000
|
|
|
|
144
|
N.A
|
|
|
|
|
|
145
|
N.A
|
|
|
|
|
Feb 10, 2006
|
146 / 2006-RB
|
Foreign Exchange Management
(Acquisition and Transfer of Immovable Property in
India) (Amendment) Regulations,
2006.
|
Issued regulation relating to
payment for acquisition or transfer of immovable property in
India should be made out of fund received in India through normal
banking channels by way of inward remittance & funds held in
any non –
resident account maintained.
|
Notification No.FEMA 21/2000-RB
dated
May 3, 2000
|
|
|
March 16 , 2006
|
147 /RB-2006
|
Foreign Exchange Management
(Foreign Exchange Derivative Contracts)
(Amendment) Regulations, 2006.
|
Issued regulation relating to
Foreign Exchange Derivative
Contracts & state that Contracts involving the rupee as one
of the currencies, once cancelled, shall not be rebooked except
as otherwise permitted by the Reserve Bank from time to time
although they can be rolled over at on-going rates on or before
maturity e.g Contracts covering export transactions
|
Notification No.FEMA 25/RB-2000
dated May 3, 2000
|
|
|
March 16, 2006
|
148 /RB-2006
|
Foreign Exchange Management
(Foreign Exchange Derivative Contracts) (Second Amendment)
Regulations, 2006.
|
Issued regulation relating to
Foreign Exchange Derivative
Contracts
|
Notification No.FEMA 25/RB-2000
dated May 3, 2000
|
|
|
June 9, 2006
|
149/2006-RB
|
Foreign Exchange Management
(Transfer or Issue of Security by a Person Resident outside
India) (Second Amendment)
Regulations, 2006
|
Issued regulation relating to
Transfer or issue of security by
a person resident outside India of Asset Reconstruction Company'
(ARC) means a company registered with the
Reserve Bank of India under
section 3 of the (SARFAESI Act).
|
Notification No.FEMA.20/2000-RB
dated 3rd May 2000
|
|
|
August 21, 2006
|
150/2006-RB
|
Foreign Exchange Management
(Transfer or Issue of any Foreign Security) (Amendment)
Regulations, 2006
|
Issued regulation relating to
alteration in regulation 6B regarding transfer or issue of any
foreign security take place, new regulation 6C regarding
Investment by Mutual Fund is inserted.
|
Notification No.FEMA.120/RB-2004
dated July 7,
2004
|
|
|
January 4, 2007
|
151/2007-RB
|
Foreign Exchange Management
(Guarantees) Regulations, 2000 – Amendment of Regulation
|
Issued regulation relating to
Guarantees. in regulation 4, in
sub-regulation (3), after clause (iii), the following new clause
shall be inserted, namely :-
“ in favour of an
non-resident service provider, on behalf of a resident customer
who is a service importer, sfor an amount upto USD 100,000 or its
equivalent.”
|
Notification
No.FEMA 8/2000-RB dated May
3,2000
|
|
|
May 15, 2007
|
152 /2007- RB
|
Foreign
Exchange Management (Remittance of Assets) (Amendment)
Regulations, 2007
|
In Regulation 4, sub-regulation
2, sub-regulation (3), regulation 6
for the word 'calendar', the
word 'financial' shall be substituted.
in clause (i), sub-clause (b)
shall be substituted by new sub-clause, namely, :
"an undertaking by the
remitter and certificate from a Chartered Accountant in the
format
prescribed by the Central Board
of Direct Taxes, Ministry of Finance, Government of India in
their Circular No. 10/2002 dated October 9, 2002."
|
Notification
No.FEMA.13/2000-RB dated 3rd May
2000
|
|
|
Jun 07, 2007
|
155 /2007- RB
|
Foreign
Exchange Management (Acquisition and Transfer of Immovable
Property Outside India) (Amendment) Regulations, 2007
|
Issued a regulation relating to
acquisition & transfer of immovable property outside India
for a company incorporated in India & having overseas
offices.
|
Notification
No. FEMA 7/2000-RB dated 3rd
May, 2000
|
|
|
Jun 07, 2007
|
154 /2007- RB
|
Foreign
Exchange Management (Foreign Currency Account by a Person
Resident in India) (Amendment) Regulations, 2007
|
Issued a regulation relating to
foreign currency A/c with an authorized dealer by a person
resident in India
|
Notification No. FEMA 10/2000-RB
dated 3rd May 2000
|
|
|
Jun 13, 2007
|
156 /2007-RB
|
Foreign
Exchange Management (Deposit) ( Amendment) Regulations, 2007
|
Issued a regulation relating to
deposits. In Schedule 1, Para. 6, Sub-Para.C new sub-para shall
be inserted- namely
“(d) The loans &
facilities granted under this para. shall be subject to such
direction as may be issued by the RBI from time to time.
|
Notification No. FEMA.5/2000-RB
dated 3rd May 2000
|
|
|
Aug 30, 2007
|
157/2007-RB
|
Foreign
Exchange Management (Borrowing or Lending in Foreign Exchange)
(Amendment) Regulations, 2007
|
Issued a regulation relating to
borrowing or lending in foreign exchange
|
Notification No. FEMA 3/2000-RB
dated May 3, 2000
|
|
|
Sep 03, 2007
|
158/2007-RB
|
Foreign
Exchange Management (Deposit) (Second Amendment) Regulations,
2007
|
Issued a regulation relating to
deposits.
in Schedule 3, after paragraph
7,the following new paragraph shall be inserted namely:-
“7(A). Operations by Power
of Attorney
|
(Notification No.FEMA.5/2000-RB
dated May 3, 2000
|
|
|
Sep 17, 2007
|
159/2007-RB
|
Foreign
Exchange Management (Foreign Exchange Derivative Contracts)
(Amendment) Regulations, 2007
|
A regulation relating to foreign
exchange derivative contracts& forward contracts in respect
of Economic Exposure.
New regulation 8 is inserted-
namely : Remittance related to a Commodity Derivative Contract
|
Notification No.FEMA 25/RB-2000
dated May 3, 2000
|
|
|
Sep 18, 2007
|
162/2007-RB
|
Foreign
Exchange Management (Deposit) (Third Amendment) Regulations, 2007
|
Issued a regulation relating to
deposits & Terms and conditions for opening of Escrow Account
and Special Account by nonresident
corporates for open offers /
delisting / exit offers
|
Notification No. FEMA.5/2000-RB
dated May 3, 2000
|
|
|
Sep 18, 2007
|
161/2007-RB
|
Foreign
Exchange Management (Remittance of Assets) (Second Amendment)
Regulations, 2007
|
A regulation relating to
remittance of assets of Indian companies under liquidation under
the
provisions of the Companies Act,
1956
|
Notification
No.FEMA.13/2000-RB dated May 3,
2000
|
|
|
Sep 18, 2007
|
160/2007-RB
|
Foreign
Exchange Management (Borrowing and Lending in Rupees) (Amendment)
Regulations, 2007
|
Issued a regulation relating to
borrowing & lending in rupee to NRI employees of Indian
companies for
acquiring shares of the
companies under the Employees Stock Option (ESOP) Scheme
|
Notification No.FEMA.4/2000-RB
dated May 3, 2000
|
|
|
Oct 09, 2007
|
164/2007-RB
|
Foreign
Exchange Management (Transfer or Issue of Any Foreign Security)
(Amendment) Regulations, 2007
|
Issued a regulation relating to
transfer or issue of any foreign security
|
Notification No.
FEMA.120/RB-2004 dated
July 7, 2004
|
|
|
Oct 10, 2007
|
165/2007-RB
|
Foreign
Exchange Management (Permissible Capital Account Transactions)
(Amendment) Regulations, 2007
|
Issued a regulation relating to
permissible capital A/c transaction
|
Notification No. FEMA
1/2000 – RB dated May 3,
2000
|
|
|
Oct 23, 2007
|
169 /2007-RB
|
Foreign
Exchange Management (Realisation, Repatriation and Surrender of
Foreign Exchange) (Amendment) Regulations, 2007
|
in regulation 5, for the words "
A person", the words " A person not being an individual
resident in India" shall be substituted.
new regulation 6A regarding
surrender of foreign exchange.
|
Notification No.FEMA. 9/2000-RB,
dated May 3, 2000
|
|
|
Oct 23, 2007
|
167/2007-RB
|
Foreign
Exchange Management (Transfer or Issue of Security by A Person
Resident Outside India) (Second Amendment) Regulations, 2007
|
As per this notification a
person who is a citizen of Bangladesh or an entity incorporated
in Bangladesh may, with the prior approval of the Foreign
Investment Promotion Board of the Government of India, purchase
shares and convertible debentures of an Indian company under
Foreign Direct Investment Scheme, subject to the terms and
conditions.
|
Notification No. FEMA 20/2000-RB
dated 3rd May
2000
|
|
|
Oct 23, 2007
|
168/2007-RB
|
Foreign
Exchange Management (Deposit) (Fourth Amendment) Regulations,
2007
|
Authorised dealer is now
permited to remit the maturity proceeds of FCNR (B) deposits to
third parties outside India, provided the transaction is
specifically authorised by the account holder and the authorised
dealer is satisfied about the bonafides of the transaction."
|
Notification No. FEMA.5/2000-RB
dated May 3, 2000
|
|
|
Nov 13, 2007
|
170/2007-RB
|
Foreign
Exchange Management (Transfer or Issue of Security by A Person
Resident Outside India) (Third Amendment) Regulations, 2007
|
As per this notification if the
shares or convertible debentures are not issued within 180 days
from the date of receipt of the inward remittance or date of
debit to NRE / FCNR (B) account, the amount of consideration so
received shall be refunded to the person concerned by
outward remittance & Reserve
Bank may, on an application made to it and for
sufficient reasons
permit an Indian company to refund the amount of consideration
received towards
issue of security, if such amount is outstanding beyond a period
of 180 days
from the date of receipt.
|
Notification No. FEMA 20/2000-
RB dated 3rd May 2000
|
|
|
Dec 10, 2007
|
171/2007-RB
|
Foreign
Exchange Management (Foreign Currency Account by a Person
Resident in India) (Second Amendment) Regulations, 2007
|
As per this notification in
Regulation 9, clause (1) shall be substituted namely:
“Provided that the EEFC
account referred to in Regulation 4, shall be opened, held or
maintained in the form of an account in terms of such directions
as may
be issued by the Reserve Bank
from time to time.”
|
Notification No. FEMA 10/2000-RB
dated May 3,2000
|
|
|
Jan 25, 2008
|
174/2008-RB
|
Foreign
Exchange Management (Foreign Currency Accounts by a person
resident in India) (Amendment) Regulations, 2008
|
A shipping or
airline company incorporated outside India or its agent in India,
may open, hold and maintain a Foreign Currency Account with an
authorized dealer in India for meeting the local expenses in
India of such airline or shipping company.
|
Notification
No. FEMA. 10/2000-RB
dated 3rd May,
2000
|
|
|
Feb 22, 2008
|
175/2008-RB
|
Foreign
Exchange Management (Transfer or Issue of Security by A Person
Resident Outside India) (Amendment) Regulations, 2008
|
Regulation relating to issue of
right shares and bonus shares and transfer of shares and
procedure to be followed
|
Notification
No. FEMA 20/2000 – RB
Dated 3rd
May, 2000.
|
|
|
August 01, 2008
|
FEMA 177 /RB-2008
|
Foreign Exchange Management
(Foreign Exchange Derivative Contracts)
(Amendment) Regulations, 2008
|
Following
changes made in Notification No. FEMA 25/RB-2000 dated May 3,
2000
1) in regulation 2, new clause
of 'Currency Futures’ shall be inserted.
2) in regulation 3, the words, "
currency futures" shall be
inserted.
|
Notification No. FEMA 25/RB-2000
dated May
3, 2000
|
|
|
August 22, 2008
|
FEMA 179 / 2008-RB
|
Foreign Exchange Management
(Transfer or Issue of Security by a Person
Resident Outside India) (
second Amendment) Regulations, 2008
|
changes made in Notification No.
FEMA 20/2000-RB in
respect of issue of fully convertible preference shares and
debentures
|
Notification
No. FEMA
20/2000-RB
dated
3rd May 2000
|
|
|
September 5, 2008
|
FEMA.180/RB-2008
|
Foreign Exchange Management
(Transfer or Issue of Any
Foreign Security) (Amendment)
Regulations, 2008
|
Changes made in Notification No.
FEMA.120/RB-2004 dated July 7, 2004.
The Indian Party has submitted its Annual Performance
Report in
respect of all its overseas investments in the format given and
other procedural changes
|
Notification
No. FEMA.120/RB-2004 dated
July 7, 2004
|
|
|
October 1, 2008
|
FEMA.181 / RB-2008
|
Foreign Exchange Management
(Transfer or Issue of Any
Foreign Security) (Second
Amendment) Regulations, 2008
|
Changes made in Notification No.
FEMA.120/RB-2004 dated July 7, 2004.
Registered
Trusts and Societies engaged in the manufacturing /educational
sector satisfying the criteria may invest in the same
sector(s) in a
Joint Venture/Wholly Owned Subsidiary outside India with the
prior approval of the Reserve Bank."
|
Notification
No. FEMA.120/RB-2004 dated
July 7, 2004
|
|
|
January 13, 2009
|
FEMA 182/ RB-2009
|
Foreign Exchange
Management (Borrowing or Lending in Foreign Exchange)
(Amendment)
Regulations, 2009.
|
In Notification No. FEMA
3/RB-2000 in Regulation 4, in sub-regulation (2)(i), the words
"twenty five percent" shall be substituted by the words
"fifty percent" and shall be deemed to have been
substituted with effect from the 15th day of October, 2008.
|
Notification
No. FEMA 3/RB-2000 dated May 3, 2000
|
|
|
January 20, 2009
|
FEMA. 183 /2009-RB
|
Foreign Exchange Management
(Borrowing and Lending in Rupees)
(Amendment) Regulations,
2009
|
Changes made in
Notification
No. FEMA 4/2000-RB dated 3rd May, 2000, in Regulation 5, The
borrowing by way of issue of preference shares/debentures
on or after 30th day of April 2007 other than those which are
fully and mandatorily convertible into equity conform to
Regulation 6 of the Foreign Exchange Management (Borrowing or
Lending in Foreign Exchange) Regulations 2000”
|
(Notification
No. FEMA 4/2000-RB dated 3rd May, 2000
|
|
|
January 20, 2009
|
FEMA.184 / 2009-RB
|
Foreign Exchange Management
(Transfer or Issue of Any
Foreign Security) ( Amendment)
Regulations, 2009
|
In Notification
No. FEMA.120/2004-RB dated
July 7, 2004 new
Regulation 27 is inserted relating to Opening of Demat Accounts
by Clearing Corporations of Stock Exchanges and Clearing Members
|
(Notification
No. FEMA.120/2004-RB dated
July 7, 2004)
|
|
|
|
FEMA.185 / 2009-RB
|
N.A.
|
|
|
|
|
February 3, 2009
|
FEMA 186 / 2009 - RB
|
Foreign Exchange Management
(Acquisition and Transfer of Immovable Property in
India)
(Amendment) Regulations, 2009
|
Changes made in Notification
No. FEMA. 21/ 2000 -RB dated May 3, 2000 in regulation 6,
In the event of failure in repayment of external commercial
borrowing availed by a person resident in India under the
provisions of the Foreign Exchange Management (Borrowing or
Lending in Foreign Exchange) Regulations, 2000, a
bank may permit the overseas lender or the security trustee (in
whose favour the charge on immovable property has been created to
secure the ECB) to sell the immovable property"
|
Notification
No. FEMA. 21/ 2000 -RB dated May 3, 2000
|
|
|
February 3, 2009
|
FEMA 187 /2009-RB
|
Foreign Exchange Management
(Guarantees)
(Amendment) Regulations, 2008
|
Changes in Notification
No. FEMA. 8/ 2000 - RB dated May 3, 2000 in regulation 5,
subject the Reserve Bank directions, an authorised
dealer may, permit a person resident in India or on behalf such
person to issue guarantee in favour of an overseas lender or
security trustee to secure an external commercial borrowing
availed.
|
Notification
No. FEMA. 8/ 2000 - RB dated May 3, 2000
|
|
|
February 3, 2009
|
FEMA 188 / 2009-RB
|
Foreign Exchange
Management
(Transfer or Issue of any Foreign Security)
(Second
Amendment) Regulations, 2009)
|
Changes in Notification
No. FEMA 120/ RB-2004 dated July 7, 2004 in Regulation 2 new
clause consisting meaning of Foreign Currency Exchangeable Bond,
issuing company, offered company, promoter group is
inserted. New schedule regarding Foreign Currency Exchangeable
Bonds is inserted.
|
Notification
No. FEMA 120/ RB-2004 dated July 7, 2004
|
|
|
May 20, 2009
|
FEMA 191/RB-2009
|
Foreign Exchange Management
(Foreign Exchange Derivative Contracts)
(Amendment)
Regulations, 2009.
|
In Notification
No. FEMA 25/RB-2000 dated May 3, 2000; after Regulation 6,
the following new regulation shall be inserted namely :- "
Freight" hedge
Reserve Bank may, permit a
person resident in India, to enter in to a freight
derivative contract
in an exchange or a market out side India to hedge the freight
risk. Reserve Bank under sub-regulation (ii) of Regulation 6 may
permit an oil refining company or a shipping company, resident in
India, to enter in to freight derivative contracts in an exchange
or market outside India, to hedge the freight risk.
|
(Notification No. FEMA
25/RB-2000 dated May 3, 2000)
|
|
|
June 2, 2009
|
FEMA.193/2009-RB
|
Foreign Exchange Management
(Deposit) (Amendment) Regulations, 2009
|
In Notification
No.FEMA.5/2000-RB dated May 3, 2000 in Regulation 4, in
sub-regulation (3), for clause (a), the following shall be
substituted, namely:-
“(a) credits to the
account shall be only by way of:-
(i) proceeds of inward
remittances received from outside India through normal banking
channels; and
(ii) Transfer of funds, from the
rupee account of the diplomatic mission in India, which are
collected in India as visa fees and credited to such account.”
|
Notification No.FEMA.5/2000-RB
dated May 3, 2000
|
|
|
June 17, 2009
|
FEMA 194 / 2009-RB.
|
Foreign Exchange Management
(Borrowing or Lending in
Foreign Exchange)
(Second Amendment)
Regulations, 2009
|
In Notification
No.FEMA.3/2000-RB dated May 3, 2000 for clause AA, the following
shall be substituted
"(AA) Borrowings in foreign
exchange per borrower company per financial year up to such
amounts not exceeding US Dollars 500 million or its equivalent as
directed by the Reserve Bank from time to time shall be permitted
for such permissible end-uses as indicated by Reserve Bank from
time to time".
In sub-paragraph (A), in clause
(a) The following sectors will qualify as infrastructure sectors,
namely,(i) Power, (ii) Telecommunication, (iii) Railways, (iv)
Road including Bridges, (v) Sea Port and Airport (vi) Industrial
Parks (vii) Urban Infrastructure (water supply, sanitation and
sewage projects) and (viii) Mining, Exploration and Refining”.
|
Notification
No.FEMA.3/2000-RB dated May 3, 2000
|
|
|
July 28, 2009
|
FEMA 196 / 2009-RB
|
Foreign Exchange
Management (Transfer or Issue of Any
Foreign Security) (Fourth
Amendment) Regulations, 2009
|
In Notification No.
FEMA.120/RB-2004 dated July 7, 2004
in Regulation 7, following
provision was substituted, namely :-
"(1) Subject to the
Regulations in Part I, an Indian Party engaged in financial
services sector in India may make investment in an entity outside
India:
Provided that the Indian party
has earned profit from financial services for last 3 years &
it must be registered and has fulfilled the prudential
norms prescribed by the regulatory authority in India.
|
Notification No.
FEMA.120/RB-2004 dated July 7, 2004
|
|
|
September 22, 2009
|
FEMA 197 / 2009-RB
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Foreign Exchange Management
(Borrowing or Lending in
Foreign Exchange)
(Third Amendment)
Regulations, 2009
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In Notification
No.FEMA.3/2000-RB dated May 3, 2000
1)the
following condition was inserted in various clauses,
namely:-
"provided that they have
not at any time violated any of the provisions of these
regulations and no investigation is pending against them for
contravention of the provisions of these regulations under the
Act."
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Notification No.FEMA.3/2000-RB
dated May 3, 2000
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September 24, 2009
|
FEMA. 198 /2009-RB
|
Foreign Exchange Management
(Remittance of Assets) (Amendment) Regulations, 2009
|
In Notification
No.FEMA.13/2000-RB dated May 3, 2000
in regulation 6 in
sub-regulation (1) in clause (iii), in the Proviso, for clauses
"C" and "D", the following shall be
substituted, namely :-
"(C) no-objection or tax
clearance certificate from income-tax authority for the
remittance;
(D) confirmation from the
applicant that no legal proceedings in any Court in India are
pending and there is no legal impediment to the remittance ; and
(E) a report from the Registrar
of Companies regarding compliance with the provisions of the
Companies Act, 1956, in case of winding up of the office in
India"
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Notification No.FEMA.13/2000-RB
dated May 3, 2000
|
|
|
September 30, 2009
|
FEMA. 199 /2009-RB
|
Foreign Exchange Management
(Foreign Currency Accounts by a Person Resident in India) (Second
Amendment) Regulations, 2009
|
In Notification No. FEMA
10/2000-RB dated 3rd May, 2000 in Regulation 7 for sub regulation
8 the following amendment is made :-
A citizen of a foreign State,
resident in India employed by foreign company or Indian company
may open, hold & maintain a foreign currency account with a
bank outside India & remit salary to that account. But this
income is taxable in India as accrued in India.
|
Notification No. FEMA 10/2000-RB
dated 3rd May, 2000
|
|
|
October 5, 2009
|
FEMA 200 / 2009 - RB.
|
Foreign Exchange Management
(Acquisition and Transfer of
Immovable Property in India)
(Second Amendment) Regulations, 2009
|
In Notification No. FEMA. 21/
2000 -RB dated May 3, 2000
in regulation 2, clause (c), sub
clause (ii), shall be substituted by the following, namely,-
" (ii ) who or either of
whose father or mother or whose grandfather or grandmother was a
citizen of India by virtue of the Constitution of India or the
Citizenship Act, 1955 (57 of 1955)."
|
Notification No. FEMA. 21/ 2000
-RB dated May 3, 2000
|
|
|
November 5, 2009
|
FEMA.201/ 2009-RB
|
Foreign Exchange Management
(Foreign Exchange Derivative Contracts) (Second Amendment)
Regulations, 2009
|
In Regulation 6, in
sub-regulation (ii), the words "and listed on a recognised
stock exchange" shall be omitted.
|
Notification No. FEMA 25 /
2000-RB dated 03.05.2000
|
|
|
November 10, 2009
|
FEMA.202/2009-RB
|
Foreign Exchange Management
(Transfer or Issue of Security by a Person Resident Outside
India) (Amendment) Regulations, 2009
|
A new Regulation 12 regarding
Pledge of shares of company Incorporated in India was inserted.
In Schedule 5 of the Principal
Regulations, in paragraph 1, the existing provisos (i) and (ii)
shall be deleted and provisos (iii) and (iv) shall be renumbered
as (i) and (ii), respectively and shall be deemed to have
been deleted and renumbered with effect from the 17th day of
October 2008
|
Notification
No. FEMA 20/2000-RB dated 03.05.2000
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