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B.757 (1) FT seater Pere re er an PctfeaPars sre) eieittina fase me - fate ante 7, 2005 rsiher ame ah. 22016) fate a8 27. 2005 a ie se. 37} Yeates area 31, 2005 a NE aT A. 552.) Gi) TR aS Ben ae # fa fae od oes ah a fae ha sPge vare a8 a1 MINTY OF FRANCE, Depart of sumone Ati (EM. Ssetem) ieserve Banket nin (roreign Hashange Deparment, (eutrat ee) Roritiesniow Mums 4 3, Oetaber, No. TESA, 2007 RB righ Fachanye Managemint Tenner enc Sy Fuceiqn Security {Amend enn Regen, 207 GSR. 3B)-—Incxersie of reper setered hy casei secon) of Seton uf the Fusczn Emcor Morag Inky ake he fllon ing amen he Fr Secu Rul, 2004 Susie Sa TMS i subeai ()o $e on Bn stb DEAL. 1999 2 of 1999) th Reserve Bank of Ini Chava Manapenea (vane or Sete of ns Fb I 2004 tales 7, 2084 may 41. Short Tite & Commencement: {i these Regulations shall oe called the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations. 2007. (i) Tnese Regulations sha be decmed te ave come into effect “tem the dates jad in these Reguations, SAAEVIEGE SN Ex RALRDINARY Peak se 2, Amenelment of Regulation 2: In the Foreign Eychangn Managemen iT-anster or lase nf Bay Frrege Secanty! Regulations, 2604, (Notification No, FEMA.120/RB-2004 usted July 7. 2004, hereinafter rele-red as the principal Reguations} 0) In Regulation 3, in ese (0, forthe errs are! figures "60 per eet of the amount cf guarantees", the words and figures "400 per cent of te amount of guarantees" shail be Subslituled and stall be decmed to have been substituted with effect from the 14” day of June, 2607. {il Ir Roguation 2 atter clause (2), the fellowing new clause shall be inscred and skatl be deemed to have keen inserted with effect from the 33" day of Apa, 2007, namely (qa) "Venture Capital Fund’ means a fund es defined under the curiies and Exerange Roard ct India (Venture Capital Fund) Regulations, 1998" 3, Amendment of Regulation 6: In the prircipal Regulations, in Regulation 6, i) th subs seytiation 2). far clause i), the following shall be subslitted and skal! bo deemed to have been substtuted with stfect tram the “4 day of June, 2007, namoly, {iy The total financial commrment of the tndian Parly in Joint VenturesiVihaly Quine! Sutsliarins shall ant exceed 300% nf the ret wort ef the tndian Pary as on the date of the last audited balarce sheet Provided fat for the Ine-an Party whish is a registered | fieareial commitment shall no: parnersh p fin the excene 200% of ks net weilt tif) In surerequlation (2, in clause 2,9 the Exslanation, for the wards ard figures Fer the purpose of dete~mining tctal financial wn 5 fc fie) io) os wi) epee commitment’ within the limits of 200% of the net worth’, the folowirg sha he substituted and shall be deemed fo have been suostituted with effect from the 14 day of Jure 2C07. namely, - “For the purpose of datarmining ‘total financial camm tment’ ‘within the limit af 200% of 30C%A of the nei worth, as the case may be" in aub- regulation (2), in ctause fi in sus- clause fc}, for the words the words “hundred per cent of the value of guarartces” shall be substituted and shall itited with eftect from the 14" day oF “ity par cent of the value of guarantees be deemes lo have been June, 2067, ve sub regulation (33, 77 clause (it, for the words and figures “shell halt not exceed 100 '% af the net worth", the woree and figures not exceed 200 % of the ne worth" shall be substituted and shall be decrred fo have been sutstituted with eftect trom the 12" day of May, 2008. in sub-regulation (2) in olauso (i) as anended by clause (iv) abewe, fer fhe words " shall ent exceed 200 % of the nef wor the words and figures “shall not exceed 300 % cf che net worth in case of corporates anc shall not exceed 200 % of net worth ir case of registered parinership firme" ehatl be substituted and shall be deemed to have been substituted with effect frm the 14" day of due, 2007. ir sub-regulation (3), in clause (i, in the Explanation, for the words and figures "t00 % of the net worth’, the words and figures " 200% of the net worth" shai be substituted ard shall be deemed fo 7ave beer. substituted with effec from the 12° day of May, 2005. in subtegulator (3), in clause (3. as amended by clase (vi ‘abive, for tie words and Sgures '200 % of the nat worth’, the words an¢ figures" shal not exceed 300 % of the net worth in case of comorates and shall not exceed 200% of the net worth in case ct registered parinership firms " shall be substitutes and shall be THA PROF NIA: -SIMACIOINARY, Pete oerred to have hoes substiuted with effec: from che *4™ day af June 2007. fui i sus regulalion (2), in clause #3), in sub-clause (o fn the words ity per cert of the emourt of guarantees" the words " hindied per sal be duced to have cf the amount o guarantees’ shell be substituted and trem the 14" 1 substituted wilh 2 day 2° June, 2097 lis} sub-egulatien (83, in clause fi), after suns, folowing shal be mserted and shal be deemed 10 nave been inserted vit utiuet fram che 2?" day ot March 2006 nantly " Explanadion.- an Indian Party may o‘fer le 2 asrson resident outside Iasi any for of guaravlees, frat is, corporal or versora: ! prmary or cllaterat sarantee guarantee by sarer compeny a incia by gous scmpany sister cancer company nIndig provides trat iy celal “nancial commitment’ neucing ll fone of guarantens eriains wibvin the overall cating stipulated for overseas investment ty af Indian Pauly and bby_ne guarantees ‘open ended in clause si, tne Explanato7. after the sub- ox insck-regulalinn °3 sub-clatse sna’! be inserted and shal vlatse fe}, the folowing he deemed 29 have peur: inserted with offect For. te 7 day of 04 narrel : Swap of shares’ iad) in sub egulatian £5). 71 clause dif m the Fxplanat ov, after sub clause (as inserted by ciause 13) above, the fellowirg new s40- ‘a sta! be deemed 7 have been inserlen classe shall be insetis with effect from the 26 2en7, ramely=