Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2020.

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..... of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999) , the Central Government hereby makes the following rules further to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 , namely:- 1. Short title and commencement. - (1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2020. .....

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..... n the event of the transfer of ownership of any existing or future FDI in an entity in India, directly or indirectly, resulting in the beneficial ownership falling within the restriction or purview of the above provisos, such subsequent change in beneficial ownership shall also require government approval . [F. No. 01/05/EM/2019-Part (1)] ANAND MOHAN BAJAJ, Jt. Secy. Note: The pri .....

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