The Government of India, through its Ministry of Finance, has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 to promote the global expansion of Indian corporations. These amendments, effective August 16, 2024, aim to facilitate mergers, acquisitions and other strategic ventures by Indian companies. The key changes introduced through the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 are outlined in this summary.
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