“Gujarat International Finance Tec-City (GIFT City) is emerging as a crucial global finance hub, attracting various financial and technology firms with its unique blend of regulatory advantages, tax...
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').
