Reporting requirements for resident investments: Reserve Bank to prescribe disclosures and procedural obligations under non-debt rules. The rule provides that reporting requirements for any investment in India by a person resident in India under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 shall be specified by the Reserve Bank, delegating authority to the Reserve Bank to determine disclosures and procedural particulars for resident investors.
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Provisions expressly mentioned in the judgment/order text.
Reporting requirements for resident investments: Reserve Bank to prescribe disclosures and procedural obligations under non-debt rules.
The rule provides that reporting requirements for any investment in India by a person resident in India under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 shall be specified by the Reserve Bank, delegating authority to the Reserve Bank to determine disclosures and procedural particulars for resident investors.
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