<h1>RBI Releases Draft Guidelines for Cross Border Mergers Under FEMA 1999; Seeks Stakeholder Feedback by May 9, 2017.</h1> The Reserve Bank of India (RBI) has released draft guidelines for cross border mergers under the Foreign Exchange Management Act, 1999. These guidelines follow the Ministry of Corporate Affairs' amendment to the Companies Act, 2013, which facilitates mergers between Indian and foreign companies. The proposed regulations aim to address potential issues in mergers, demergers, amalgamations, or rearrangements involving Indian and foreign entities. Named the Foreign Exchange Management (Cross Border Merger) Regulations, the RBI invites stakeholders and experts to submit comments by May 9, 2017.