Rationalisation of Overseas Investment Regulations under FEMA, 1999 – Draft rules/regulations for Comments

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..... Rationalisation of Overseas Investment Regulations under FEMA, 1999 – Draft rules/regulations for Comments
News and Press Release
Dated:- 10-8-2021

Overseas Investments and acquisition o .....

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..... f immovable properties outside India by persons resident in India is presently governed by the provisions contained in Notification No. FEMA 120/RB-2004 dated July 07, 2004 [Foreign Exchange Managemen .....

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..... t (Transfer or Issue of any Foreign Security) Regulations, 2004] and Notification No. FEMA 7 (R)/2015-RB dated January 21, 2016 [Foreign Exchange Management (Acquisition and Transfer of Immovable Prop .....

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..... erty Outside India) Regulations 2015] respectively. With a view to further liberalize regulatory framework and also to promote ease of doing business, it has been decided to rationalize the existing .....

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..... provisions governing overseas investment. The Rules and Regulations will be finalized after public consultations. Accordingly, the Reserve Bank of India (RBI) has today placed on its website two docu .....

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..... ments viz draft Foreign Exchange Management (Non-debt Instruments - Overseas Investment) Rules, 2021 and draft Foreign Exchange Management (Overseas Investment) Regulations, 2021. Comments/feedback on .....

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..... the draft rules/regulations are invited from all stakeholders. Comments/feedback may be forwarded through email by August 23, 2021 with the subject line "Feedback on draft Overseas Investment rules & .....

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..... regulations". (Yogesh Dayal) Chief General Manager
News - Press release - PIB .....

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