Foreign Exchange Management (Nondebt Instruments) (Fourth Amendment) Rules, 2020

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..... section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Central Government hereby makes the following rules further to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, namely:- 1. Short title and commencement. - (1) These rules may be called the Foreign Exchange Management (Nondebt Instruments) (Fourth Amendment) Rules, 2020. (2) They shall come into .....

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..... al license under the Industries (Development and Regulation) Act, 1951 and Manufacturing of small arms and ammunition under the Arms Act, 1959 100% Automatic up to 74% Government route beyond 74% whereverit is likely to result in access to modern technology or for other reasons to be recorded 6.2 Other Conditions a) FDI up to 74% under automatic route shall be permitted for companies seeking .....

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..... ity clearance by the Ministry of Home Affairs and as per guidelines of the Ministry of Defence. e) Investee company shall be structured to be self-sufficient in the areas of product design and development and the investee or joint venture company along with the manufacturing facility, shall also have maintenance and life cycle support facility of the product being manufactured in India. f) Forei .....

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