NON-DEBT INSTRUMENTS RULES, 2019: RATIONALIZED?

Published On: 12/12/2019

Authors:

Avimukt Dar
Akhoury Winnie Shekhar
Jaidrath Zaveri
Nabarun Chandra Ray
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').