Foreign Exchange Management (Nondebt Instruments) (Second Amendment) Rules, 2020

No: ---- Dated: Apr, 27 2020

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 27th April, 2020

S.O. 1374(E).—In exercise of the powers conferred by clauses (aa) and (ab) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Central Government hereby makes the following rules further to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, namely:-

1. Short title and commencement. - (1) These rules may be called the Foreign Exchange Management (Nondebt Instruments) (Second Amendment) Rules, 2020.

(2) They shall come into force on the date of their publication in the Official Gazette

2. In the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (hereinafter referred to as the principal rules), in rule 7, the explanation shall be omitted.

3. In the principal rules, after rule 7, the following rule shall be inserted, namely:

Actual Document  -  ↓