NEW FOREIGN INVESTMENT RULES AND REGULATIONS: THE BANK SURRENDERS THE BATON?

Published On: 08/11/2019

Authors:

Avimukt Dar
Akhoury Winnie Shekhar
Jaidrath Zaveri
The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the 'Rules'), the Foreign Exchange Management (Debt Instrument) Regulations, 2019 (the 'Debt Regulations'), and the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019 have been recently notified. The Rules and both the regulations supersede the Foreign Exchange Management (Transfer of Issue of Security by a Person Resident outside India) Regulations, 2017 (the 'TISPRO'). INDUSLAW's @Avimukt Dar, Winnie Shekhar, Jaidrath Zaveri, and Nabarun Chandra Ray discuss the changes.