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FEMA - Highlights / Catch Notes

Home Highlights March 2024 Year 2024 This

The proposed amendment to the Foreign Exchange Management ...

FEMA

March 16, 2024

The proposed amendment to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, marks a significant expansion in the definition of "unit" under clause (aq). By including partly paid-up units, subject to SEBI regulations and government consultation, the amendment reflects an effort to accommodate evolving financial practices and market dynamics within the regulatory framework.

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