Amendment to Regulation 4 of FEMA, Mode of Payment and Reporting of Non-Debt Instruments - Expands the...

Amendment to Regulation 4 of FEMA, Mode of Payment and Reporting of Non-Debt Instruments - Expands the reporting responsibilities involving equity instruments traded or listed on international exchanges. Authorised Dealer Category I banks are now required to report both domestic and international transactions, including subscriptions, which are classified as Foreign Portfolio Investments. .....

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