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ARTICLE · 05 JUNE 2020

Change In Rules – A Sign Of Change

King, Stubb & Kasiva
King, Stubb & Kasiva
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King, Stubb & Kasiva

King, Stubb & Kasiva

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The Government of India ("GOI") has been constantly striving to make India an investment hub and in its endeavour to do so, has been introducing timely changes to its foreign investment regime.

IndiaGovernment, Public Sector
Neha Mathew
Neha Mathew
Rajashree Devchoudhury
Rajashree Devchoudhury
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The Government of India ("GOI") has been constantly striving to make India an investment hub and in its endeavour to do so, has been introducing timely changes to its foreign investment regime. On 17th October, 2019 the GOI notified the Foreign Exchange Management (Non-Debt Instruments) Rules, 20191 ("NDI Rules"). Subsequently, on 27th April, 2020 the Ministry of Finance, under the GOI, brought in the second amendment to the NDI Rules, the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 20202 ("Amended Rules") (the NDI Rules and the Amended Rules are collectively referred to as the "Rules".) The Amended Rules have brought in some long anticipated changes.

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