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of <h1>RBI's Twelfth Amendment: Foreign Investors Can Receive Equity Shares Without Prior Approval if FDI Guidelines Are Met.</h1> The Reserve Bank of India issued the Twelfth Amendment to the Foreign Exchange Management Regulations, 2000, concerning the transfer or issue of security by persons residing outside India. Effective from its publication date, the amendment adds a provision allowing equity shares to be issued against funds payable by the investee company without needing prior government or RBI permission, provided they comply with existing FDI guidelines and tax laws. The amendment clarifies that no adverse effects will result from its retrospective application. The amendment follows a series of previous modifications to the original regulations established in 2000.
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