RBI implements new foreign exchange regulations

0
3919
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

The Reserve Bank of India (RBI) on 7 November issued the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 (TISPRO Regulations). The new TISPRO regulations supersede the TISPRO regulations, 2000, which were in place for the last 17 years.

The new TISPRO regulations streamline the foreign direct investment regime in India and bring it in line with the Consolidated Foreign Direct Investment Policy of 2017. The following are the highlights:

Capital instruments. The definition of the term “capital instruments” covers equity shares, fully, compulsorily and mandatorily convertible debentures, preference shares and share warrants. It has been clarified under the new TISPRO regulations that partly paid shares or share warrants may be issued upon 25% upfront payment of the consideration and the balance is to be paid within 12-18 months from the date of such issue.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bengaluru, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link