RBI introduces new framework for FPI to FDI reclassification to enhance ease of business, ET LegalWorld
The Reserve Bank of India has finalised an operational framework for the reclassification of Foreign Portfolio Investment made by Foreign Portfolio Investors (FPI) to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in case of any breach of the investment limit by the FPIs concerned. The operational framework has been issued […]