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Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2021

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....tion 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. (1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2021. (2) They shall come into force on the date of their publicati....

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....i) against Sl. No. F. 8.3, in column (2), under the sub-heading "Other conditions,"- (A) in clause (a), for the words "forty nine," the word "seventy-four" shall be substituted; (B) in clause (b), for the words "forty nine," the word "seventy-four" shall be substituted; (C) for clause (d), the following clause shall be substituted namely :- "(d) (I) In an Indian Insurance Company having fo....

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....ance Regulatory and Development Authority of India from time to time."; (D) in clause (e), for the figures "2014," the figures "2019" shall be substituted; (E) in clause (g), for the portion beginning with the words "the condition of India owned and controlled," and ending with the words "key management persons," the following shall be substituted namely :- "the composition of the Board of D....