Rationalisation of Overseas Investment Regulations under FEMA, 1999 – Draft rules/regulations for Comments

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....ationalisation of Overseas Investment Regulations under FEMA, 1999 – Draft rules/regulations for Comments <br>News and Press Release<br>Dated:- 10-8-2021<br><BR>Overseas Investments and acquisition ....

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....of immovable properties outside India by persons resident in India is presently governed by the provisions contained in Notification No. FEMA 120/RB-2004 dated July 07, 2004 [Foreign Exchange Manageme....

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....nt (Transfer or Issue of any Foreign Security) Regulations, 2004] and Notification No. FEMA 7 (R)/2015-RB dated January 21, 2016 [Foreign Exchange Management (Acquisition and Transfer of Immovable Pro....

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....perty Outside India) Regulations 2015] respectively. With a view to further liberalize regulatory framework and also to promote ease of doing business, it has been decided to rationalize the existing....

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.... provisions governing overseas investment. The Rules and Regulations will be finalized after public consultations. Accordingly, the Reserve Bank of India (RBI) has today placed on its website two doc....

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....uments viz draft Foreign Exchange Management (Non-debt Instruments - Overseas Investment) Rules, 2021 and draft Foreign Exchange Management (Overseas Investment) Regulations, 2021. Comments/feedback o....

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....n the draft rules/regulations are invited from all stakeholders. Comments/feedback may be forwarded through email by August 23, 2021 with the subject line "Feedback on draft Overseas Investment rules ....

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....& regulations". (Yogesh Dayal) Chief General Manager<BR> News - Press release - PIB....