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of <h1>Reserve Bank issues new regulations governing foreign investment by non-residents under FEMA Act 1999</h1> The Reserve Bank of India issued Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 under FEMA Act, 1999. These regulations govern investment in India by non-resident persons, superseding earlier 2000 notifications. The regulations became effective from publication date, except specific provisions in regulation 10 which required separate notification. The regulations were later superseded by notifications dated December 17, 2019.
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