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        FEMA

        The RBI amended the Foreign Exchange Management (Mode of Payment...

        Revised RBI norms allow foreign inward remittances for equity, FPI, LLP, FVCI investments.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                The RBI amended the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019, revising provisions related to mode of payment and remittance of sale proceeds for investments by persons resident outside India. Key changes include allowing inward remittances through banking channels or from foreign currency/rupee accounts for equity, FPI, LLP, FVCI, investment vehicle and IDR investments. Sale/disinvestment proceeds can be remitted abroad or credited to foreign currency/rupee accounts. Convertible notes issued by Indian startups can be subscribed through inward remittances or foreign currency/rupee accounts, with repayment/sale proceeds allowed for outward remittance or credit to such accounts.
                                Note: It is a system-generated summary and is for quick reference only.
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