« Latest Circulars » Open DEMAT Account in 24 hrs  Auction of State Government Securities Feb 23, 2024  RBI imposes monetary penalty on The Adinath Co-Operative Bank Limited, Dist. Surat, Gujarat  The Relevance of SEACEN in a Turbulent World (Closing remarks by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - February 15, 2024 - at the 59th SEACEN Governors' Conference   Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024  Extension of validity of Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - HCBL Co-operative Bank Ltd., Lucknow (U.P.)  Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024  Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District Extension of Period  Reserve Bank of India (Government Securities Lending) Directions, 2023  Building resilient brand India amidst global uncertainty (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - December 28, 2023 - at the 10th SBI Banking and Economic Conclave in Mumbai)  Trade Credit for imports into India Submission of return on issuance of bank guarantees for Trade Credits on the Centralised Information Management System (CIMS)  Minutes of the Monetary Policy Committee Meeting, December 6 to 8, 2023 «  DTAA between India and State of Kuwait - Date of enforcement... Foreign Exchange Management (Borrowing and Lending in... » Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India ) (Amendment) Regulations, 2007 December, 06th 2007 NOTIFICATION NO. G.S.R. 712(E) [FEMA 166/2007-RB], DATED 17-10-2007 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: Short Title and Commencement. 1.         (i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Amendment) Regulations, 2007. (ii)        These amendments come into force from the date of publication in the Gazette. Amendment to the Regulations. 2.         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). (i)         In Regulation 2, after sub-regulation [ iii (a)], the following sub-regulation shall be inserted, namely : "[iii] (b) "Foreign Central Bank" means an institution/organization/body corporate established in a country outside India and entrusted with the responsibility of carrying out central bank functions under the law for the time being in force in that country." (ii)        In Regulation 5, for sub-regulation (4) the following sub-regulation shall be substituted, namely : "(4) A non-resident Indian or a registered FII or a Foreign Central Bank may purchase securities, other than shares or convertible debentures of an Indian company, subject to the terms and conditions specified in Schedule 5." (iii)       In Schedule 5, after paragraph 2, the following new paragraph shall be inserted, namely: "2A. Permission to Foreign Central Banks for purchase of Government Securities A Foreign Central Bank may purchase and sell dated Government securities/treasury bills in the secondary market - subject to the conditions as may be stipulated by the Reserve Bank from time to time". [F. No. 1/23/EM/2000 Vol. IV]