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AMENDED NOTIFICATION OF THE FOREIGN EXCHANGE MANAGEMENT (NON-DEBT INSTRUMENTS) (FOURTH AMENDMENT) RULES, 2021 (DATED - 12.10.2021)
Updated on:12th Oct, 2021
This notification has come into effect from 12.10.2021. In the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, in Schedule I, in the Table, Against Sl. No. 14.1, - In column (2), under the heading “Sector/Activity”, for the entry, the following entry shall be substituted, namely:-“All telecom services including Telecom Infrastructure Providers Category-I, viz. Basic, Cellular, United Access Services, Unified license (Access services), Unified License, National/International Long Distance, Commercial V-Sat, Public Mobile Radio Trunked Services (PMRTS), Global Mobile Personal Communications Services (GMPCS), all types of ISP licenses, Voice Mail/Audiotex/UMS, Resale of IPLC, Mobile Number Portability services, Infrastructure Provider Category-I (providing dark fibre, right of way, duct space, tower), Other Service Providers and such other services as may be permitted by the Department of Telecommunications (DoT).”; In column (4), under the heading “Entry Route”, for the entry, the following entry shall be substituted, namely: - “Automatic”; Against Sl. No. 14.2, in column (2), under the sub-heading “Other conditions”, for the entry, the following entry shall be substituted, namely: - “The licensing, security and any other terms and conditions as notified by Department of Telecommunications (DoT) from time to time, shall be observed by licensee/entities providing services as referred in serial number 14.1 above as well as investors.”
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AMENDED NO...