{"id":252518,"date":"2021-08-11T09:30:10","date_gmt":"2021-08-11T04:00:10","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=252518"},"modified":"2021-08-10T18:19:44","modified_gmt":"2021-08-10T12:49:44","slug":"indirect-foreign-investment-would-not-constitute-investments-made-by-nri-owned-indian-entity-vide-foreign-exchange-management-non-debt-instruments-amendment-rules-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/11\/indirect-foreign-investment-would-not-constitute-investments-made-by-nri-owned-indian-entity-vide-foreign-exchange-management-non-debt-instruments-amendment-rules-2021\/","title":{"rendered":"Indirect Foreign Investment would not constitute investments made by NRI owned Indian Entity vide Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">The Ministry of Finance has notified Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021 on August 6, 2021. The Foreign Exchange Management (Non-debt Instruments) Rules, 2019 has been amended to introduce an explanation under Rule 23(7)(i) which states that an investment made by an Indian entity which is owned and controlled by NRI(s), on a non-repatriation basis, shall not be considered for calculation of indirect foreign investment.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has reported this brief.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance has notified Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021 on August 6, 2021. The Foreign Exchange <\/p>\n","protected":false},"author":121,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-252518","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Indirect Foreign Investment would not constitute investments made by NRI owned Indian Entity vide Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/11\/indirect-foreign-investment-would-not-constitute-investments-made-by-nri-owned-indian-entity-vide-foreign-exchange-management-non-debt-instruments-amendment-rules-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indirect Foreign Investment would not constitute investments made by NRI owned Indian Entity vide Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Finance has notified Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021 on August 6, 2021. 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