Overseas investment rules consolidate foreign exchange controls and supersede earlier regulations upon Gazette publication. The Central Government, under provisions of the Foreign Exchange Management Act, 1999, notifies the Foreign Exchange Management (Overseas Investment) Rules, 2022 to provide a consolidated framework for overseas investment by Indian persons and related transactions. These Rules supersede the earlier 2004 and 2015 foreign exchange regulations concerning foreign securities and acquisition or transfer of immovable property outside India, subject to savings for prior acts, and shall come into force upon publication in the Official Gazette.