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RBI has eased FEMA norms to spur investment from overseas
November 11 , 2017
2616 days
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- The Reserve Bank of India (RBI) has simplified the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, making it easier for foreign investors to invest in the country.
- It is done by putting all the 93 amendments under one notification
- The new notification combines two regulations on foreign investments — one which is popularly called
- FEMA 20, Investment in an Indian company or a partnership, or in a limited liability partnership, and
- FEMA 24, which is investment in a partnership firm.
- Another significant change is the introduction of a late submission fee that could allow an investor to regularise any contravention due to non-reporting, by paying the fee.
- The Foreign Exchange Management Act (FEMA), introduced in 1999, was amended 93 times.
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