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<h1>Foreign exchange regulation framework: updated FEMA rules and regulations govern overseas investment, non-debt instruments, and cross-border transactions.</h1> The document outlines the structure of the Foreign Exchange Management Act, 1999, comprising seven chapters covering preliminary matters; regulation and management of foreign exchange; authorised persons; contraventions and penalties; adjudication and appeal; the Directorate of Enforcement; and miscellaneous provisions. It lists Rules that operationalise areas such as overseas investment, non-debt instruments, current account transactions, adjudication, compounding and authentication, and identifies Regulations addressing overseas investment, derivative margins, debt and non-debt instruments, borrowing and lending, cross-border mergers, manner of receipt and payment, deposit accounts, remittance of assets, establishment in India of foreign entities, foreign currency accounts and export/import controls.