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RBI draft caps gift remittances to near relatives, reforms Fema
MUMBAI: RBI has proposed sweeping changes to foreign investment rules through a draft framework that raises the ceiling for repatriable gifts to the Liberalised Remittance Scheme limit of $2,50,000 from $50,000 and restricts such transfers to near relatives, while broadening equity classifications, easing capital structuring options, and tightening definitions of control under Fema.
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economictimes.indiatimes.com
RBI issues draft for future-ready rules related to foreign investments
The Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhance clarity and reduce complexity. Indian companies may soon list shares on…
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RBI plans unified code for foreign investment in equity instruments
The Reserve Bank of India proposed new rules for overseas fund flows. These draft norms will replace existing regulations governing foreign investment. The framework clarifies…
