1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Just a moment...
1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>Indian Investments by NRI-Owned Entities Not Counted as Indirect Foreign Investment: Rule 23 Amendment Explained.</h1> The Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2021, effective from August 6, 2021, amends the 2019 rules under the Foreign Exchange Management Act, 1999. The amendment introduces an explanation to Rule 23, sub-rule (7), clause (i), stating that investments by Indian entities owned and controlled by Non-Resident Indians (NRIs) on a non-repatriation basis will not be counted towards indirect foreign investment. This notification was issued by the Ministry of Finance's Department of Economic Affairs and published in the Official Gazette.