Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Home Notifications 2019 FEMA FEMA - 2019 This
← Previous Next →
  • Login
  • Plus+

 

User Login
Username  
Password  
Stay sign in     

Forget password       New User/ Regiser


Register for Demo / Trial


Annual Subscription Offer

With popular demand, we introduce:-
Special offer on GST Package for Professionals
i.e. CA/CWA/CS/Advocate/Others @ 2500/- +GST



 

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019 - S.O. 4355 (E) - Foreign Exchange Management

Extract

..... cation in the Official Gazette. 2. In the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, (hereinafter referred to as the principal rules), in rule 2,- (i) in clause (ae), the words, brackets and figures “and (iv) mutual funds which invest more than fifty percent in equity governed by the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996;” shall be omitted; (ii) in clause (am), the words “and debt” shall be omitted. 3. In the principal rules, in rule 9, in sub-rule (4), the words “on a non-repatriation basis” shall be omitted. 4. In the principal rules, for rule 11, the following rule shall be substituted, namely:- “11. Transfer of equity instruments of an India .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019 - S.O. 4355 (E) - Foreign Exchange Management

X X   X X   Extracts   X X   X X

..... (a) Coal and Lignite mining for captive consumption by power projects, iron and steel and cement units and other eligible activities permitted under and subject to the provisions of the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957) and the Coal Mines (Special Provisions) Act, 2015 (11 of 2015).”; (b) after entry (b), the following entry shall be inserted, namely:- “(c) For sale of coal, coal mining activities including associated processing infrastructure subject to the provisions of the Mines and Minerals (Development and Regulation) Act, 1957 and the Coal Mines (Special Provisions) Act, 2015 and as amended from time to time and other relevant Acts on the subject.”; (ii) against Sl. No. 3.4, in co .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019 - S.O. 4355 (E) - Foreign Exchange Management

X X   X X   Extracts   X X   X X

..... report of statutory auditor by 30th of September every year for the preceding financial year confirming compliance of the e-commerce guidelines.”; (vi) against Sl. No. 15.3, in column (4), under the heading Entry Route, for the entries, the following entry shall be substituted, namely:- “Automatic.”; (vii) against Sl. No. 15.3.1, for the entries (e), (f) and (g), the following entries shall be substituted, namely: “(e) In respect of proposals involving foreign investment beyond 51 per cent, sourcing of 30 per cent. of the value of goods procured, shall be done from India, preferably from MSMEs, village and cottage industries, artisans and craftsmen, in all sectors. The quantum of domestic sourcing shall be self-cert .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019 - S.O. 4355 (E) - Foreign Exchange Management

X X   X X   Extracts   X X   X X

..... or indirectly by them through a third party under a legally tenable agreement. (g) A SBRT entity operating through brick and mortar stores, can also undertake retail trading through e-commerce. However, retail trading through e-commerce can also be undertaken prior to opening of brick and mortar stores, subject to the condition that the entity opens brick and mortar stores within two years from date of start of online retail.”. 7. In the principal rules, in Schedule II, in paragraph (1), in sub-paragraph (a), in item (i), - (i) after the words “Indian company”, the words “by FPIs” shall be inserted; (ii) the following proviso shall be inserted at the end, namely: “Provided the aggregate limit of 24 per c .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019 - S.O. 4355 (E) - Foreign Exchange Management

X X   X X   Extracts   X X   X X

 

← Previous Next →

 

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||