Description

We bring to you our September 2024 edition of the nota bene Update.

In order to facilitate and provide further clarity on the existing foreign direct investment regime, the Department of Economic Affairs, Ministry of Finance, has notified the Foreign Exchange Management (Non-Debt Instruments) (Fourth Amendment) Rules, 2024, on 16 August 2024 which amends the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019. This special issue of nota bene analyses the key changes brought forth by this recent amendment and its impact on Indian business sector.