Act Name/Rule Name: Reserve Bank on India Act, 1934
Type of Document: Master Direction
Date: January 16, 2025
Circular No./Notification No.: RBI/FED/2017-18/60, FED Master Direction No.11/2017-18
Foreign Investment in India is governed under FEMA and regulated through Non-Debt Instruments (NDI) Rules, 2019. These rules are updated periodically, and this Master Direction compiles relevant instructions for conducting foreign exchange business with customers/constituents.
This direction outlines the regulatory framework for foreign investment in India, providing guidelines for Authorised Dealers on conducting business with foreign investors. It mandates that any foreign investment be made in compliance with the NDI Rules and requires Authorised Persons to follow set procedures for reporting and payments related to foreign investments.
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