FOREIGN INVESTMENT REGULATIONS AMENDED: ATTEMPT TO EASE FOREIGN INVESTORS TROUBLES

Published On: 01/01/2018

Practice Area: Government & Regulatory

Authors:

In an attempt to simplify, consolidate and clarify the regulations relating to foreign direct investment ('FDI') in Indian entities by foreign investors, the Reserve Bank of India (the 'RBI') notified the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 (the 'New Regulations') replacing the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 (the 'Former Regulations').