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Foreign exchange rate state bank of india

foreign exchange rate state bank of india

thirty days from the date of issue of shares under the scheme, a report giving the following particulars/documents, - i) names of persons to whom shares are issued under the scheme and number. Of India; (xi) 'Transferable Development Rights (TDR shall have the same meaning as assigned to it in the Regulations made under sub-section (2) of section 6 of the Act; (xii the words and expressions used but not defined in these Regulations shall have the same. Method of payment for purchase of shares/ convertible debentures The amount of consideration for purchase of shares or convertible debentures of an Indian company on non-repatriation basis, shall be paid by way of inward remittance through normal banking channels from abroad or out of funds. Upon the adoption of the euro by Greece on January 1, 2001, we discontinued posting the exchange value of the dollar against the Greek drachma.

Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000. Note : Based on information we received from the Federal Reserve Bank of New York, revisions were applied in October 2004 to the exchange rate of the dollar against both the Hong Kong Dollar and the Chinese Yuan for several days between 19Please refer. Maintenance of account by a registered FII for routing transactions of purchase and sale of shares / convertible debentures The Reserve Bank may, on application, permit a registered Foreign Institutional Investor to open a Foreign Currency Account and/or a Non-resident Rupee Account with a designated. Gopala RAO ) Executive Director Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated -.406(E) Schedule I See Regulation (5) (1) Foreign Direct Investment Scheme.

Explanation: For arriving at the ceiling on holdings of FIIs, shares/ convertible debentures acquired both through primary as well as secondary market will be included. Dividend Balancing Where a company is engaged in any of the industries in the consumer goods sector, specified in Annexure E, or in any other activity where the condition of dividend balancing has been stipulated in terms of the provisions of Industrial Policy and Procedures. Rate of Dividend on Preference Shares The rate of dividend on preference shares or convertible preference shares issued under these Regulations shall not exceed 300 basis points over the Prime Lending Rate of State Bank of India prevailing as on the date of the Board. These Regulations may be called the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000. Remittance/credit of sale/maturity proceeds of shares and/or debentures The net sale/maturity proceeds (after payment of taxes) of shares and/or debentures of an Indian company purchased by NRI or OCB under this Scheme, may be allowed by the designated branch of an authorised dealer referred. Investing companies in Infrasturcture Service Sector.

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(2) The Indian company issuing shares under sub-paragraph (1 shall furnish to the Reserve Bank, full details of such issue in the form specified in Annexure 'C', within 30 days from the date of closing of the issue. C)For exploration or mining of coal or lignite for captive consumption. Any other sector/ activity (other than those included in Annexure A ) Annexure C (Form GDR/ADR(Return) Annexure D (Form GDR/ADR(Quarterly Return) Annexure E (See paragraph 6 of Schedule I) List Of 22 Industries In Respect Of Which Dividend Balancing Is Applicable Manufacture of food and. Please notify ANY unauthorized transaction ON dedicated toll free numbers (within india /outside india ) immediately. 100 ii) In manufacturing activities. Dollar against a subset of the broad index currencies that do not circulate widely outside the country of issue. Reserve bank OF india (exchange control department central office, mumbai 400 001, 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 makes. B) Company-wise number of shares and/or debentures and paid-up value thereof, purchased and/or sold by each NRI /OCB. Restriction on an Indian entity to issue security to a person resident outside India or to record a transfer of security from or to such a person in its books.

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