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    <title>Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018</title>
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    <description>Amendments to Regulation 13 delete clause (1) of sub regulation 13.1 and replace clause (11) to require notification of Downstream Investment to the government Secretariat within 30 days, even if capital instruments are not allotted, and to specify investment modality. They require filing Form DI with the central banking authority within 30 days from allotment of capital instruments for downstream investments deemed indirect foreign investment, and require filing Form InVi within 30 days from issue of units by investment vehicles issued to persons resident outside India.</description>
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