Wait...

Online India Export Import Data Search

Complete Training Video : Click Here

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2016, NOTIFICATION No. FEMA.382/2016-RB, 02-01-2017



Date: 02-01-2017
Notification No: NOTIFICATION No. FEMA.382/2016-RB
Issuing Authority: RBI  
Type: FEMA Notification
File No: FEMA.382/2016-RB
Subject: Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2016

Reserve Bank of India
Foreign Exchange Department
Central Office
Mumbai – 400 001

Notification No.FEMA.382/2016-RB

January 02nd, 2017

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2016

In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of 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 Any Foreign Security) Regulations, 2004 (Notification No. FEMA.120/RB-2004 dated July 7th, 2004) namely:-

1. Short Title & Commencement:-

(i) These Regulations shall be called the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Second Amendment) Regulations, 2016.

(ii) They shall be deemed to have come into force from the date of publishing in the Gazette.

2. Amendment of Regulation

In the Principal Regulations, in Regulation 6, in sub-regulation (2), after the existing clause (vi), the following shall be inserted, namely:

“ (vii) Indian Party shall make no direct investment in an overseas entity [set up or acquired abroad directly as JV/WOS or indirectly as Step Down Subsidiary] located in the countries identified by the Financial Action Task Force (FATF) as “non co-operative countries and territories” as per list available on FATF website www.fatf-gafi.org or as notified by the Reserve Bank of India from time to time.”

(Shekhar Bhatnagar)
Chief General Manager-in-charge

Foot Note:-

The Principal Regulations were published in the Official Gazette of GOI vide G.S.R. No 757 (E) dated November 19, 2004 – in Part II, Section 3, Sub-section (i) and subsequently amended vide:-

G.S.R. No. 220 (E) dated 7.04. 2005
G.S.R. No. 337 (E) dated 27.05. 2005
G.S.R. No. 552 (E) dated 31.08.2005
G.S.R. No. 535 (E) dated 06.09.2006
G.S.R. No. 13 (E) dated 05.01.2008
G.S.R. No. 209(E) dated 25.03.2008
G.S.R. No.676 (E) dated 24.09.2008
G.S.R. No.756 (E) dated 31.10.2008
G.S.R. No.108 (E) dated 20.02.2009
G.S.R. No. 301(E) dated 01.05.2009
G.S.R. No. 441(E) dated 23.06. 2009
G.S.R. No. 609(E) dated 28.08.2009
G.S.R. No. 607(E) dated 03.08. 2012
G.S.R. No. 609(E) dated 03.08. 2012
G.S.R. No. 947(E) dated 31.12. 2012
G.S.R. No. 345(E) dated 29.05. 2013
G.S.R. No. 516(E) dated 30.07. 2013
G.S.R. No. 529(E) dated 05.08. 2013
G.S.R. No. 552(E) dated 14.08. 2013
G.S.R. No. 323(E) dated 07.05. 2014
G.S.R. No. 489(E) dated 11.07. 2014
G.S.R. No. 828(E) dated 21.11. 2014
G.S.R. No. 868(E) dated 03.12. 2014
G.S.R. No. 7(E) dated 05.01. 2015
G.S.R. No. 921(E) dated 02.12. 2015

       

DO YOU NEED HELP?

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-05-2017
Notification No.49/2017 - Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 19th May, 2017

Date: 16-05-2017
Notification No.48/2017 - Customs (N.T.)
Seeks to amend the Customs notification No. 84/2007-Customs (N.T.) dated 17th August, 2007 to give effect to the amendments to Rules of Origin of India-Chile PTA

Date: 16-05-2017
Notification No. 20/2017-Customs
Seeks to amend notification no. 12/2012-customs dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega power projects

Date: 16-05-2017
Notification No. 19/2017-Customs
seeks to amend notification No. 101/2007 – Customs dated 11th September 2007 so as to notify the expanded schedule of tariff preferences under the India-Chile Preferential Trade Agreement (PTA).

Date: 16-05-2017
Notification No. 23/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty, on imports of Aluminium Foil originating in or exported from China PR

Date: 16-05-2017
Notification No. 22/2017-Customs (ADD)
Seeks to amend notification No. 23/2016-Customs (ADD) dated 06.06.2016 vide which anti-dumping duty was imposed on imports of Polytetraflouroethylene (PTFE) originating in or exported from Russia so as to revise of the amount of anti-dumping duty applicable from US$ 739.77/MT to US$ 874.56/MT

Date: 16-05-2017
Notification No. 21/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty on import of Amoxycillin originating in or exported from China PR for a period of five years (unless revoked, superseded or amended earlier) in pursuance of final findings of the Directorate General of Anti-Dumping and Allied Duties.

Date: 16-05-2017
Central Excise Notification No. 08/2017
seeks to amend notification no. 12/2012-Central Excise dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega power projects.

Date: 15-05-2017
Notification No.47/2017 - Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Date: 12-05-2017
Notification No. 20/2017-Customs (ADD)
Seeks to impose definitive anti-dumping duty on imports of Aluminium Radiators, Aluminium Radiator Sub-Assemblies and Aluminium Radiator Core, originating in, or exported from, China PR