RBI

RBI MOVES TO EASE OVERSEAS DIRECT INVESTMENT REGULATIONS UNDER FEMA

Seeks feedback on draft by Aug 23 The Reserve Bank of India is planning to rationalise the existing provisions governing overseas direct investment regulations under the Foreign Exchange Management Act (FEMA), 1999. This is to further liberalise the regulatory framework and promote ease of doing business, per the RBI’s draft Foreign Exchange Management/FEM (Non-debt Instruments …

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SPONSOR INVESTMENTS IN IFSC AIFS TO COME UNDER THE AUTOMATIC ROUTE

The Reserve Bank of India (RBI) has allowed sponsor investments by Indian entities in alternative investment funds (AIFs) set up in an overseas jurisdiction or in an International Financial Services Centre (IFSC) in India to come through the automatic route. The relaxation is expected to resolve the issue of round tripping associated with sponsor commitment …

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