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of <h1>RBI Amends Regulations on Foreign Investments: Key Changes to Regulation 6 and 15 Affecting Bhutan and Nepal Transactions</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004, effective from their publication date. The amendments include changes to Regulation 6, clarifying the calculation of 'total financial commitment' within the 100% net worth limit, specifically addressing remittances in freely convertible currencies for investments in Bhutan and Nepal. Additionally, Regulation 15 is modified to ensure that investments in Bhutan made in freely convertible currency must have all repatriable dues, including those from disinvestment or dissolution, realized and repatriated in freely convertible currency.
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