Dec 30, 2019

Ministry of Finance Notifies the Foreign Exchange Management (Non-debt Instrument) Rules

The Ministry of Finance by way of its notification dated October 17, 2019 issued the Foreign Exchange Management (Non-debt Instrument) Rules, 2019 (‘NDI Rules’) in supersession of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 (FEMA 20R) and the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018. The key features of the NDI Rules are being reported separately by way of a client alert.

TAGS

    SHARE

    DISCLAIMER

    These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.