Tag: Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules
May 27, 2020
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Mends in the FEMA Pricing Guidelines for Rights Issue b...
In India, foreign investments through equity instruments (other than share warrants) are regulated in accordance with the terms of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”). A recent amendment to the NDI Rules has clarified that any acquisition of shares by foreign investors pursuant to renunciation of rights by a resident will be subject to the pricing guidelines under the Foreign Exchange Management Act, 1999 (“FEMA”)....