RBI Amends Guidelines on Issue/ Transfer of Security by Non Residents

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2016

The RBI has made amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 by notifying the the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2016., which shall come into force from the date of their publication in the Official Gazette.

The RBI has amended various clauses of the above Regulations including revision in Regulations related to Foreign Investments caps and entry routes in  India in various sectors, Investment by a person resident outside India in an Investment Vehicle, etc.

RBI Notification No.FEMA.362/2016-RB dt. 15 Feb. 2016

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