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        FEMA

        Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2024 - S.O. 1361(E) - Foreign Exchange Management

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        Partly paid-up units inclusion expands 'unit' definition under non-debt instrument rules, subject to SEBI regulations. An Explanation is inserted into clause (aq) of rule 2 of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 clarifying that unit includes partly paid up units permitted under regulations framed by the Securities and Exchange Board of India in consultation with the Government of India.
                      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.

                            Partly paid-up units inclusion expands 'unit' definition under non-debt instrument rules, subject to SEBI regulations.

                            An Explanation is inserted into clause (aq) of rule 2 of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 clarifying that unit includes partly paid up units permitted under regulations framed by the Securities and Exchange Board of India in consultation with the Government of India.


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