IFSCA on 9th April, 2024 has issued the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024. The amendment provides that funds raised through External Commercial Borrowings (ECB) or through American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) or through direct listing of equity shares of companies incorporated in India on International Exchanges, pending their utilization or repatriation to India, be held in foreign currency accounts with a bank outside India.
Revamping Energy Governance: Amendments in Madhya Pradesh’s Electricity Code
4 July 2024
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has recently enacted significant amendments to the Madhya Pradesh Electricity Supply Code, 2021.
