Foreign Exchange Management (Non-debt Instruments) Rules, 2020 get amendment

Ministry of Finance via notification dated 27th April, 2020 has published The Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2020. The amendment has allowed 100% investment in the Non-debt instruments of intermediaries through automatic …

Foreign Exchange Management (Non-debt Instruments) Rules Amended to prevent opportunistic takeover of domestic firms

The Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2020 in which it has made it mandatory that foreign investments from countries that share a land border with India to obtain prior approval from the government …

RBI announces further measures for dealing with the COVID-19 pandemic

Reserve bank of India vide press release dated April 1, 2020, has issued further measures to help the state governments as well as exporters to combat the Covid 19 pandemic outbreak.

RBI raises investment limit for foreign portfolio investor’s investment in debt.

The Reserve Bank of India vide notification dated 23rd January 2020 has raised the investment limit for FPIs investment through the Voluntary Retention Route. Only those FPI registered with SEBI are eligible to participate in …

RBI permits Authorized Dealers Category – I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours.

The Reserve Bank of India(RBI) has vide Notification dated January 6, 2020, has issued amendment to Master Direction on Risk Management and Inter Bank Dealings. The amendment seeks to Permit Authorized Dealers Category – I …

RBI allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC.

The Reserve bank of India vide Foreign Exchange Management (International Financial Services Centre) (Amendment) Regulations, 2020 permits the financial institutions or a branch of a financial institution to, with express permission of RBI, conduct such …

Ministry of Finance amends norms on transfer of equity instrument of an Indian company by an FPI

The norms on Transfer of equity instruments of an Indian company by FPI has been amended under Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019.

RBI issues Foreign Exchange Management (Deposit) (Third Amendment) Regulations, 2019

The Reserve Bank of India has issued The Foreign Exchange Management (Deposit) (Third Amendment) Regulations, 2019 vide Notification dated 13 November 2019. The RBI has relaxed the procedural constraints for operating an Special Non Resident …

RBI proposes new steps to promotion of digital payment

The RBI has issued a press release on November 8, 2019, which reports a phenomenal increase in E-payments in India, a substantial portion of which is through National Electronic Funds Transfer (NEFT) and Unified Payments …

The RBI has issued Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019

The RBI has issued Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019. The Regulations provides the mode for payment and remittance of sale proceeds for each Non-debt instruments issued in …

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