Ministry of Finance amends the Foreign Exchange Management (Non-debt Instruments) Rules, 2019
Introduction The Ministry of Finance, Government of India amended certain provisions of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“Non-debt Instruments Rules”) vide a notification bearing number S.O. 1374(E) on 27 April 2020 (“Amendment Rules”), effective from 27 April 2020. Key amendments and Analysis 1. Acquisition of equity instruments by a […]