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The Reserve Bank of India amends the Foreign Exchange Management Regulations of 2004 to include Limited Liability Partnerships in foreign security transactions. The Reserve Bank of India inserts a definition for Limited Liability Partnership into the principal regulations. The Reserve Bank of India adds Limited Liability Partnerships to clause k of Regulation 2. The regulations come into force from the date of publication in the Official Gazette.
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Relative A.P. (DIR) circular: 131/19.5.2014
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001
Notification No. 299/2014-RB
March 24, 2014
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2014
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) (Amendment) Regulations 2004 (Notification No. FEMA 120/RB-2004 dated July 7, 2004), as amended from time to time, (hereinafter called the Principal Regulations or the Notification) namely:-
(C. D. Srinivasan) Chief General Manager
Foot Note:
Published in the Official Gazette of Government of India – Extraordinary – Part-II, Section 3, Sub-Section (i) dated 07.05.2014- G.S.R.No.323 (E)
