Vinay Vohra & Co.

Govt. Amends FEM (NDI) Rules | Clarifies on Definition of the Term ‘Unit’ Under Rule 2(aq)

Best Taxation Service

We are a thriving firm of Chartered Accountants with the goal of providing a one-stop shop for all financial services.

Business Strategy & Growth

We believe integrity is the quintessential value that is the engine behind getting things done in the organization.

Highly Dedicated Worker

You can put your trust in the economic realm and expect the best outcome. With a strong team that possesses the necessary skill set .

FEM (NDI) Rules

Notification No. S.O. 1361(E); Dated: 14.03.2024

Govt. has notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2024. An amendment has been made to rule 2(aq), which defines the term ‘unit’ as the beneficial interest of an investor in an investment vehicle. As per the amended norms, an explanation has been inserted to the clause. It states that ‘unit’ shall include a unit that has been partly paid up as permitted under regulations framed by SEBI in consultation with the Government of India.

Click Here To Read The Full Notification

The post Govt. Amends FEM (NDI) Rules | Clarifies on Definition of the Term ‘Unit’ Under Rule 2(aq) appeared first on Taxmann Blog.

source

1

Auditing - Assurance

2

Goods & Services Tax

3

Investment in India by Foreign Nationals & NRI's

4

Accounting & Bookkeeping

5

International Taxation

6

Startup Services

7

Mergers & Acquisition Advisory

8

Income Tax

9

Corporate Financial Services

10

Indian Business Advisory Service
Have Any Question?

Always willing to lend a hand and answer any questions you may have. It would be great if you could contact us.

Newsletter

Signup our newsletter to get update information, insight or news