RBI Modifies FEMA (Debt Instruments) Regulations in relation to NRIs’ Purchase of Dated Government Securities from Rupee Accounts [Read Notification]

By Navasree A.M - On October 24, 2023 2:58 pm - 2 mins read

RBI - FEMA - RBI Modifies FEMA Debt Instruments Regulations - NRIs NRIs' Purchase of Dated Government Securities from Rupee Accounts - Accounts - taxscan

The Reserve Bank of India (RBI) has notified the amendment to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 (Principal Regulation) vide notification no. FEMA.396(2)/2023-RB issued on 21st October 2023, in relation to the NRIs’ payment of purchase of dated government securities from the rupee accounts. These Regulations shall be called the Foreign Exchange Management…

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