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ARTICLE · 30 AUGUST 2024

Note On Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024

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The Ministry of Finance notified the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 ("Amendment") on 16th August...

IndiaGovernment, Public Sector
Neeraj Vyas
Neeraj Vyas
Abhishek Malhotra
Abhishek Malhotra
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The Ministry of Finance notified the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 (“Amendment”) on 16th August, 2024 which has introduced several key changes to the existing regulatory framework governing foreign investments in India. This amendment modifies the previous provisions under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”), to address emerging economic realities and streamline the investment process.

Key Changes

  1. Definitions

The definition of “Startup” has been amended to make it consistent with the notification of the Government of India number G.S.R. 127 (E), dated the 19th February, 2019 issued by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.

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