Exciting news for investors! The Indian government has amended its Foreign Exchange Management Rules to facilitate cross-border share swaps and support the international growth of Indian companies.
Key takeaways:
– ODI-FDI Swaps Made Easier: No more prior RBI approval is needed, making cross-border transactions smoother and faster.
– Clarity for NRI & OCI Investments: Non-repatriation investments by NRIs & OCIs will not be counted towards indirect foreign investment, providing greater certainty.
– Harmonised Definitions: Key terms like “Control” and “Start-ups” are now aligned with the Companies Act and DPIIT, simplifying compliance.
These changes boost investor confidence, attract more global capital, and make India an attractive investment destination!
Read this article by Ketan Mukhija and Marvel Soni: https://lnkd.in/g6jGR5VM
#BurgeonLaw #India #Investment #FDI #RegulatoryChanges #GlobalBusiness
