The Reserve Bank of India has significantly amended the framework for external commercial borrowings for Indian companies. This will enable Indian companies, including subsidiaries of foreign companies, to borrow higher amounts for shorter timelines. Please go through our PPT for more information.
India Releases Draft Foreign Investment Rules: Implications for Foreign Investors
The Reserve Bank of India has recently released draft rules to replace the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. Some important changes are being proposed as regards the fair value at which a foreign buyer can purchase Indian...