Section 22(7)(b) in The Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004

[Cites 0, Cited by 0] [Section 22(7)] [Section 22] [Entire Act]

Union of India - Subsection

Section 22(7)(b) in The Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004

(b)Indian Mutual Funds, registered with SEBI may either sell or continue to hold the underlying shares subject to the terms and conditions as per Regulation 6C of the Notification No. FEMA.120IRB 2004 dated July 7, 2004, as amended from time to time.

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Union of India - Subsection

Section 22(7)(b) in The Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004