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KMS Updates_FEMA (Transfer or issue of security by a Person Resident Outside India) Regulations, 2017

Reserve Bank of India (RBI), has notified on 7 November 2017, the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 (TISPROI Regulations 2017). The FDI Regulations 2017 supersede the prevalent FDI Regulations 2000 and Foreign Exchange Management (Investments in Firms or Proprietary concern in India) Regulations, 2000, as amended.  This update summarizes the key changes in the TISPROI Regulations 2017.KMS_FEMA Updates_Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017