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AMENDED NOTIFICATION OF THE FOREIGN EXCHANGE MANAGEMENT (NON-DEBT INSTRUMENTS) (THIRD AMENDMENT) RULES, 2021 (DATED - 05.10.2021)
Updated on:5th Oct, 2021
This notification has come into effect from 05.10.2021. In the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, in Schedule I, in the Table, after S.l no. 4.2, the following entries shall be inserted namely: “4.3- Notwithstanding anything contained at Sl. No. 4.2 above, foreign investment up to 100% under the automatic route is allowed in case an 'in-principle' approval for strategic disinvestment of a PSU has been granted by the Government.”
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