NON-DEBT INSTRUMENTS RULES, 2019: RATIONALIZED?

Published On: 12/12/2019

Authors:

Avimukt Dar
Akhoury Winnie Shekhar
Jaidrath Zaveri
In furtherance of ease of doing business in India and in order to capture the changes which had been introduced by Press Note 4 of 2019, the Central Government on December 5, 2019, notified the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019 (the 'Amendment').