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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