Foreign Exchange Management (Nondebt Instruments) (Fourth Amendment) Rules, 2020

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....) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Central Government hereby makes the following rules further to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, namely:- 1. Short title and commencement. - (1) These rules may be called the Foreign Exchange Management (Nondebt Instruments) (Fourth Amendment) Rules,....

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.... (2) (3) (4) "6 Defence     6.1 Defence Industry subject to Industrial license under the Industries (Development and Regulation) Act, 1951 and Manufacturing of small arms and ammunition under the Arms Act, 1959 100% Automatic up to 74%   Government route beyond 74% whereverit is likely to result in access to mode....

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....f Industry and Internal Trade, Ministry of Commerce and Industry, in consultation with Ministry of Defence and Ministry of External Affairs. d) Foreign investment in the sector shall be subject to security clearance by the Ministry of Home Affairs and as per guidelines of the Ministry of Defence. e) Investee company shall be structured to be self-sufficient in the areas of product design and....