FEMA Amendment Eases Foreign Investment in Indian Companies Listed Abroad, Enhances Financial Transaction Flexibility.

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Full Text of the Document

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....Amendment to Regulation 3.1 of FEMA, Mode of Payment and Reporting of Non-Debt Instruments - To facilitate the purchase or subscription of equity shares of Indian companies listed on international exchanges by permissible holders. Payments can be made either directly to a foreign currency account of the Indian company or via inward remittance through banking channels. - Proceeds from the sale of equity shares can be remitted outside India or credited to the bank account of the permissible holder, ensuring fluid financial transactions and compliance with international standards.....