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of <h1>RBI Amends Foreign Exchange Regulations, Updates Schedule 5 Terminology to Include Listed NCDs and Commercial Papers</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Transfer or issue of Security by a Person Resident Outside India) Regulations, 2000. This amendment, effective from its publication date, modifies Schedule 5 by replacing the term 'non-convertible debentures/bonds' with 'listed non-convertible debentures/bonds, commercial papers.' This change aims to update the terminology used in the regulations concerning securities issued by persons residing outside India.
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