Foreign Exchange Management (Nondebt Instruments) (Fourth Amendment) Rules, 2020

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..... and (ab) 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 (Nondebt Instruments) (Fourth Amendment .....

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..... Sectoral Cap Entry Route (1) (2) (3) (4) 6 Defence 6.1 Defence Industry subject to Industrial license under the Industries (Development and Regulation) Act, 1951 and Manufacturing of small .....

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..... foreign investor, for FDI up to 49%, within a period of thirty days of such change and any proposal for raising FDI beyond 49% from such companies shall require Government approval. c) License applications will be considered by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, in consultation with Ministry of Defence and Ministry of External Affa .....

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..... e: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O.3732 (E), dated the 17th October, 2019 and subsequently amended vide numbers S.O. 4355 (E), dated the 5th December 2019 , S.O. 1278 (E), dated the 22nd April, 2020 and S.O. 1374 (E), dated the 27th April, 2020 and S.O. 2442 (E), dated the 27th July, 2020 .....

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