Economic TimesLean R·
RBI plans unified code for foreign investment in equity instruments
Mumbai: The Reserve Bank of India (RBI) Tuesday proposed replacing a seven-year-old set of rules with a single framework that would govern overseas fund flows into equity instruments across companies, limited liability partnerships, and specialized investment vehicles.The Foreign Exchange Management (Foreign Investment) Rules, 2026, seeks to replace the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019. The new set of draft norms, published Tuesday, listed entities eligible to rece…
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