NOTIFICATION NO.FEMA.20(R)(2)/2018-RB/GSR 520(E) [F.NO.1/22/EM/2016 (PART-I)], DATED 1-6-2018

FEM (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2018 – NOTIFIED DATE ON WHICH SPECIFIED PROVISIONS OF REGULATION 10 SHALL COME INTO FORCE

NOTIFICATION NO.FEMA.20(R)(2)/2018-RB/GSR 520(E) [F.NO.1/22/EM/2016 (PART-I)]DATED 1-6-2018

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.

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