Foreign Direct Investment (FDI) is a key driver of economic growth and globalization, involving direct ownership or control in Indian entities by non-resident individuals or entities. Since 2014, Indi...
Published On: 01/01/2018
Practice Area: Mergers & Acquisitions, Corporate & Commercial, Private Equity, Venture Capital and Fund Investment, Government & Regulatory
Authors:
Akhoury Winnie Shekhar
Pavani Nath
In an attempt to bring the reporting requirements relating to the Foreign Exchange Management Act, 1999 (the 'Act') in line with the recently-introduced Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2017 (the 'New TISPROI Regulations'), the Reserve Bank of India (the 'RBI') has amended the Master Direction on Reporting under the Foreign Exchange Management Act, 2017 (the 'Revised Directions').
