Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024: A Closer Look
Through a recent notification dated August 16, 2024, the Ministry of Finance amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”) vide the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 (“Amendment Rules”). The primary aim of these Amendment Rules is to simplify the process of cross-border equity share swaps by facilitating …