The recent amendment to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, in line with the budget announcement to simplify FDI regulations, has some exciting updates and seems to bring clarity on several points. The amendment has been notified on 16 August 2024 by the Department of Economic Affairs, Ministry of Finance.
Please click here to read the full article by Raj Ramachandran, published in ET Edge Insights.
Raj specializes in Corporate Commercial, Banking & Finance and Cross Border Investments & Acquisitions.