The Department of Economic Affairs vide notification dated 16th April, 2024 has issued the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024. They shall come into force on the date of their publication in the Official Gazette.
The amendment provides the revised caps for foreign investment through automatic route in the Space Sector.
The amendment provides that with approval of SEBI, the activities of administration and supervision over specified intermediaries may be carried out by recognized stock exchange
The Board may specify that no person shall act as an investment adviser unless such a person is enlisted with the recognized body or body
Prior to initiating the dissolution period, the AIF must intimate SEBI about obtaining investor consent. If the bid is successful, dissenting investors are offered an
The amendments, notified on April 25, 2024, aim to streamline the process for AIFs to create encumbrance on equity, primarily for investee companies involved in
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