Notification for Foreign Exchange Management Non debt Instruments Third Amendment Rules 2024

Last updated: 17 April 2024

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The Ministry of Finance has issued the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024. These new rules, effective from their publication date, amend the existing 2019 regulations. Specifically, they update serial number 12 and its related entries within Schedule I of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. For complete details, please consult the attached full notification.

MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 16th April, 2024

S.O. 1722(E).— In exercise of the powers conferred by clauses (aa) and (ab) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Central Government hereby makes the following rules further to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, namely:-

1. (1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, in Schedule I, in the Table, for serial number 12 and the entries relating thereto, the following shall be substituted, namely:-

For full notification please refer to the attachment.

FAQ :

The new rules are called the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024.

These rules come into effect on the date of their publication in the Official Gazette.

These amendments affect the Foreign Exchange Management (Non-debt Instruments) Rules, 2019.

Schedule I, in the Table, specifically serial number 12 and its related entries, is being substituted.

This notification was issued by the Ministry of Finance (Department of Economic Affairs).

Notification No : 1/5/EM/2019
Source : https://egazette.gov.in/(S(j4kbuoihzr3zv1vssj0l3wol))/ViewPDF.aspx

Attached File : 322600_11279_foreign_exchange.pdf

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