Act Name/Rule Name: Reserve Bank of India Act, 1934
Applicable Rule/Section:
Section 6, read with Section 47 of Foreign Exchange Management Act, 1999 (FEMA),
Notification No. FEMA 1/2000-RB of Foreign Exchange Management (Permissible Capital Accounts Transactions) Regulations, 2000,
Notification No. FEMA 3(R)/2018-RB of Foreign Exchange Management (Borrowing and Lending) Regulations, 2018,
Notification No. FEMA. 396/2019-RB of Foreign Exchange Management (Debt Instruments) Regulations, 2019
Type of Document: Master Direction
Date: 07 January 2025
Circular No./Notification No.: RBI/2024-25/126 FMRD.FMD.No.10/14.01.006/2024-25
This Master Direction issued by the Reserve Bank of India (RBI) consolidates previous circulars and directions issued under the Foreign Exchange Management Act (FEMA) to regulate non-resident investment in debt instruments in India. The directions have been issued under the powers conferred by Sections 10(4) and 11(1) of FEMA, 1999, and Section 45W of the Reserve Bank of India Act, 1934.
Key points include:
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.