NTF.NO.FEMA 223/2012-RB,DT.07/03/2012
Definition of 'Security'
In pursuance of clause (za) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999) (FEMA), the Reserve Bank notifies Indian Depository Receipts (IDRs) as defined under clause © of sub-rule (i) of Rule 3 of Companies (Issue of Indian Depository Receipts) Rules, 2004, as "security" for the purposes of FEMA.
(Meena Hemchandra)
Chief General Manager-in-Charge
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Published in the Official Gazette of Government
of India – Extraordinary – Part-II, Section 3,
Sub-Section (i) dated 31.12.2012 – G.S.R.No.944(E)
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