RBI revamps FDI Regulations

By CS Vinita Nair

corplaw@vinodkothari.com

RBI vide notification No. FEMA 20(R)/ 2017-RB dated 7th November 2017 issued Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017[1] (hereinafter referred as ‘Regulations, 2017’) in supersession of Notification No. FEMA 20/2000-RB and Notification No. FEMA 24/2000-RB both dated May 3, 2000, Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 (hereinafter referred as ‘Regulations, 2000’). The Regulations, 2017 will be effective from 8th November 2017 (Date of publication in the Official gazette) except proviso (ii) to sub-regulation 1 of regulation 10 of these Regulations and proviso (ii) to sub-regulation 2 of regulation 10 of these Regulations, reproduced hereunder as Annexure 1, which will come into effect from a date to be notified. Read more

RBI revamps FDI Regulations, revisits definitions of FDI

By CS Vinita Nair & Chahat Jain

corplaw@vinodkothari.com

10.11.2017

RBI vide notification No. FEMA 20(R)/ 2017-RB dated 7th November 2017 issued Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 (hereinafter referred as ‘Regulations, 2017’) in supersession of Notification No. FEMA 20/2000-RB and Notification No. FEMA 24/2000-RB both dated May 3, 2000, Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 (hereinafter referred as ‘Regulations, 2000’). The Regulations, 2017 will be effective from 8th November 2017 (Date of publication in the Official gazette) except proviso (ii) to sub-regulation 1 of regulation 10 of these Regulations and proviso (ii) to sub-regulation 2 of regulation 10 of these Regulations, reproduced hereunder as Annexure 1, which will come into effect from a date to be notified. Read more

Brief of Amendments reflecting in FDI Policy, 2017

CS Vinita Nair, corplaw@vinodkothari.com

The Department of Industrial Policy and Promotion (DIPP) has issued the Consolidated FDI Policy 2017 (Policy 2017)[1] incorporating the amendments made to the erstwhile Consolidated FDI Policy 2016 (Policy 2016) through various Press Notes issued during the year 2016 (Press Notes 5 and 6 of 2016 series) and 2017 (Press Note 1 of 2017 series) as well as amendments made in FEMA (Transfer or Issue of Security by a Person Resident outside India) Regulation, 2000 (FDI Regulations) through various RBI notifications. This article describes the amendments made after comparing Policy 2016 and Policy 2017. Read more

RBI liberalizes FDI conditions for LLPs by Vignesh Iyer

The Reserve Bank of India (RBI) vide its notification[1] dated March 03, 2017 (Present Notification) amended Schedule 9 of the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 (Regulations, 2000).The present notification was published in the official gazette[2] on the even date. Read more

RBI liberalizes FDI conditions for LLPs

The Reserve Bank of India (RBI) vide its notification[1] dated March 03, 2017 (Present Notification) amended Schedule 9 of the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 (Regulations, 2000).The present notification was published in the official gazette[2] on the even date.

The salient highlights of the revised Schedule 9 are as follows: Read more