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        FEMA

        Foreign Exchange Management (Nondebt Instruments) (Amendment) Rules, 2021. - S.O. 3206(E) - Foreign Exchange Management

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        Non-repatriation investments by NRIs excluded from indirect foreign investment calculation under amended FEMA non-debt rules. The amendment to Rule 23(7)(i) of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 states that an investment made by an Indian entity owned and controlled by NRIs on a non-repatriation basis shall not be considered for calculation of indirect foreign investment, thereby excluding such non-repatriation investments from indirect investment aggregation under the non-debt instruments rules.
                      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.

                            Non-repatriation investments by NRIs excluded from indirect foreign investment calculation under amended FEMA non-debt rules.

                            The amendment to Rule 23(7)(i) of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 states that an investment made by an Indian entity owned and controlled by NRIs on a non-repatriation basis shall not be considered for calculation of indirect foreign investment, thereby excluding such non-repatriation investments from indirect investment aggregation under the non-debt instruments rules.


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